EIA weekly US oil inventories -934K vs -1635K expected ...Middle East

Gasoline +2348K vs +2060K expDistillates -3180K vs +661K expRefinery utilization -0.6% vs -0.2% exp

Crude -4700KGasoline +2400KDistillates +700K

Ahead of the data, WTI crude oil was up 82-cents to $70.90, having erased all of the decline on Tuesday.

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