DOE crude oil inventories
- crude oil inventories build 1.954K vs 3.3M est
- gasoline inventories drawdown of -6.18M versus -3.81M estimate
- distillates -2.94M vs -2.45M estimate
- Cushing OK inventory +0.563M vs +0.704M last week
- crude oil implied demand 19360 versus 18317 last week
- gasoline implied demand 10299.1 vs 10194.4 last week
WTI crude oil futures remain under extreme pressure. The price is down $3.15 or -11.68% at $23.80. The low price for the day reached $23.60. The high price extended up to $27.22. The price of crude oil is trading at the lowest level since March 2002 (on a continuous Crude futures chart).
