EIA weekly crude oil inventories +5474K vs +270K expected ...Middle East

Crude oil inventories +5474K vs +270K expGasoline inventories +878K vs -1212K expDistillates inventories -1140K vs -1679K expRefinery utilization +1.8% versus expectations of -0.3%Oil was in the midst of a nice intraday bounce before this data but there has been some selling since.Private oil inventories released late yesterday:Crude +1643KGasoline -2019KDistillates -1478K This article was written by Adam Button at www.forexlive.com.

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