Crude oil futures settled at $68.87

Crude oil futures are settling at $68.87. That is down $0.52 or -0.75%.

The weekly EIA inventory data today showed:

• Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 million
• Gasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407M
• Distillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394M
• Cushing inventories drawdown of -0.140M vs. drawdown -0.688M last week.