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Wednesday, October 28, 2015

US EIA crude oil inventories +3376K vs +3560K expected

  • Prior was +8028K
  • Gasoline inventories -1137K vs -1050K expected
  • Prior gasoline drawdown was -1518K
  • Distillates -2951K vs -1765K expected
  • Refinery utilization 1.20% vs 0.08% exp
The API data released late yesterday showed a 4.1 million barrel build in supplies so the market was probably priced a bit higher than the 3560K 'consensus'.

Oil is higher after the number, up about 4% on the day.
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