Prior was -1812KGasoline +4808K vs +2062K expDistillates +1712K vs +1178K exp
There was a huge draw in the private data released yesterday, so ‘expectations’ were for something more-bullish than the consensus.
Crude -9300KGasoline -4800K Distillates +2500K
As a result, we’re getting some selling pressure on oil after the data. This is an unusually large divergence.
This article was written by Adam Button at investinglive.com.