EIA crude oil inventories for the current week +1.121M versus -1.57M estimate

• Crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term inventories 1.121M vs -1.57M estimate. Last week -4.756M
• gasoline inventories -1.331M vs 0.55M estimate. Last week -1.644M
• distillates inventories -1.552M vs -1.463M estimate., Last week -0.929M
• Cushing came in at -1.900M vs -2.801M last week.
• Weekly refining utilization -2.900% versus expected -0.4%. Previously +1.5%
• Weekly crude production 11.6 million barrels versus 11.6 million barrels last week.

The private data last night showed:

• crude oil had a draw of -1.076M
• gasoline had a draw of -0.923M
• distillates had a draw of -2.382M
• Cushing had a draw of -0.546M

Crude oil is trading at $93.97. That's up $1.89 on the day before the report. It is cCurrently trading at $94.09, not much change from pre-data levels.