Latest inventory data from the DOE
- crude oil inventories a drawdown of -884K vs +1500K estimate
- Cushing OK crude inventories 2419K vs 153K est
- US gasoline inventories 2097K versus 1500K
- US distillates inventories 4957K versus 1500K eestimate
- US refinery utilization -1% vversus+0.50% estimate
Although the crude oil inventories were down the other data shows stronger rises in inventories.
The Crude oil price is trading at $48.46, up $3.28
