US weekly EIA crude oil inventories - 8263K vs - 4566K expected
WTI crude oil was trading up $1.43 to $77.47 ahead of the release, that's a session high.Prior was -7227Distillates vs -470K expectedGasoline vs -1001K expectedPrivate data from late yesterday:Crude -8330KGasoline +2479KDistillates -500KThis is the third consecutive large draw in US crude inventories and the largest combined three-week draw on record. No wonder Trump was in a rush to make a deal with Iran. This article was written by Adam Button at investinglive.com.
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