Report from the US Department of Energy caused some moves on the oil market as crude and gasoline inventories both jumped unxpectedly.
• Oil inventories: +8.487million barrels vs -0.457 million barrels expected (API: +1.62 million barrels)
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• Gasoline inventories: +3.607million barrels vs -1.574 million barrels expected (API: +0.82 million barrels)
• Distillate inventories: -0.913million barrels vs -1.1 million barrels expected (API: +0.66 million barrels)
• Oil inventories at Cushing, Oklahoma: - 0.587 million barrels vs 1.379 million barrels previously
WTI Crude Oil (OIL.WTI) bounced off the $103.62 support after the release of today's EIA report and is heading towards local resistance level at $105.55. Source:xStation5
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