Report from the US Department of Energy caused some moves on the oil market. Crude inventories increased unexpectedlywhile gasoline stockpiles dropped more than expected.
• Oil inventories: + 1.017million barrels vs -0.481 million barrels expected
• Gasoline inventories: -0.603 million barrels vs -0.461 million barrels expected
• Distillate inventories: -1.968 million barrels vs -1.002 million barrels expected
• Oil inventories at Cushing, Oklahoma: +0.787million barrels vs 0.216 million barrels previously
WTI Crude Oil (OIL.WTI) price rose after the release of today's EIA report and is testing the 200 SMA (red line). Source:xStation5
