Crude oil inventories -1844 K vs -605K expGasoline inventories +3314K vs -46K expDistillates inventories +416K vs -103K expRefinery utilization +0.3% versus expectations of +0.4% expProduction 13.49mbpd from 13.2mbpdPrivate oil inventory data from late yesterday:Crude -5939KGasoline +1814KDistillates +2543KWTI crude oil was trading 10-cents higher to $68.87 before the data. Note that the OPEC decision is due on Sunday. They're expected to rollover production through January and perhaps all the way through Q1. This article was written by Adam Button at www.forexlive.com.
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