Crude oil inventory -3.029M versus 0.591M estimate.Gasoline inventory -1.323M versus -0.406M estimate.Distillates inventory -0.565M versus +0.775M estimateCushing 0.453M versus 0.690M last week
The private data released late yesterday showed:
Crude oil is trading up $0.75 at $65.95. The price tested and held near its 100 day moving average at $64.97 over the last few days. That gives the buyers some confidence from a technical perspective
This article was written by Greg Michalowski at investinglive.com.