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Weekly Crude Oil Inventories Rise 2.735 Million Against Build Estimate of 1.373 Million

  • Crude oil matures at 2.735 million versus 1.373 million estimated
  • Distile -2.760M versus -0.283M estimate
  • Gasoline -1.154M against -0.89M estimate
  • Cushing 0.033 million compared to -0.17 million last week
  • refining utilization -0.2% versus expectations of +0.6%. Last week -0.3%
  • Weekly crude production 13.1 million compared to 31 million last week

Crude oil price is trading at $84.58, down $0.76 or -0.89%

This article was written by Greg Michalowski at www.forexlive.com.

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