BREAKING: US crude stocks rise less than expected

Report from the US Department of Energy caused some moves on the oil market. Crude inventories rose less than expected while gasoline stockpiles dropped unexpectedly. There was a surprise in distillate inventories data as it showed a bigger then expected decline.

• Oil inventories: +0.692 million barrels vs +2.0 million barrels expected (API: +4.78 million barrels)

• Gasoline inventories: - 1.573 million barrels vs +0.808 million barrels expected (API: +1.14 million barrels)

• Distillate inventories: -1.449million barrels vs -0.6 million barrels expected (API: -3.91 million barrels)

• Oil inventories at Cushing, Oklahoma: +1.298 million barrels vs -0.185 million barrels previously

The publication of today's report pushed the oil prices slightly higher. WTI Oil (OIL.WTI) continues to trade above the psychological $100.00 level. Source: xStation5

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