Publication of report from the US Department of Energy caused some moves on the oil market. Crude inventories fell unexpectedly, while gasoline stockpiles dropped more than expected. There was a surprise in distillate inventories data as it showed a big decline.
• Oil inventories: - 1.356 mb vs +2.052 mb expected (API: -1.77 mb)
• Gasoline inventories: -4.728 mb vs -1.334 mb (API: -3.47 mb)
• Distillate inventories: -3.443 mb vs -1.8 mb (API: -4.05 mb)
• Oil inventories at Cushing, Oklahoma: +0.273 million barrels vs +0.692 million barrels previously
WTI Crude Oil (OIL.WTI) price is testing major resistance zone around $87.60. Source:xStation5
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