US weekly EIA crude oil inventories +12018K vs +2560K expected ...Middle East

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US weekly EIA crude oil inventories +12018K vs +2560K expected
Prior was +5521KGasoline -3658K vs -1160K expDistillates -1915K vs -1600K expRefinery utilization -1.8% vs +2.6% expProduction mbpd 13.3 mbpd vs 13.3 mbpdImpld mogas demand: 8.17 mbpd vs 8.81 mbpd priorPrivate oil inventories from late yesterday:Crude +8520KGasoline -7230KDistillates -4016KCushing +512KOil dipped to $77.75 after the data from $78.30 beforehand. When you zoom out, US inventories are on track to end winter below last year's levels but a few more weeks like this would change that. This article was written by Adam Button at www.forexlive.com.

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