US weekly EIA oil inventories -3576K vs -3143K expected

  • Gasoline -1458K vs +487K exp
  • Distillates -1726K vs +175K exp
  • Cushing +1055K

Oil has erased the daily loss and is more than $1 from the lows. It gained about 40-cents on the release.

oil

API data from late yesterday:

  • Oil -3090K
  • Gasoline -319K
  • Distillates 716K
  • Cushing +1594K
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