Crude oil inventories in the private data yesterday showed a build to inventories
The Department of Energy releases their weekly inventory data.
Late yesterday, the private data was released by API showing:
The estimates from Bloomberg are showing:
- Crude oil +900K
- Gasoline +2000K
- Distillates -700K
- There is no estimate for cushing, but last week there was a draw of -3150K
The price of crude oil is trading at $64.35. That is down $-.15 or -0.23% on the day.