EIA weekly crude oil inventories -3.775 million versus -4.466 million estimate

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  • Crude oil inventories -3.775 million versus -4.466 million estimate.
  • Gasoline -2.333 million vs -1.021 million estimate.
  • Distillates +2.483 million vs -0.513 million estimate.

Crude oil futures were trading at $68.80 prior to the report. The low prices today reached $68.22. The closing level on the day before the Iran war started was at $67.28. The current price is trading at $68.82

The private data released late yesterday showed:

This article was written by Greg Michalowski at investinglive.com.

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