WTI crude oil was trading up $1.43 to $77.47 ahead of the release, that’s a session high.
Prior was -7227Distillates vs -470K expectedGasoline vs -1001K expected
Private data from late yesterday:
Crude -8330KGasoline +2479KDistillates -500K
This is the third consecutive large draw in US crude inventories and the largest combined three-week draw on record. No wonder Trump was in a rush to make a deal with Iran.
This article was written by Adam Button at investinglive.com.