EIA US weekly oil inventories +1328K vs -1277K expected

• Prior crude was +3454K
• Gasoline +816K vs -524K exp
• Distillates +579K vs-1398K exp

Private data released late yesterday:

• Crude +2499K
• Gasoline -3238K
• Distillates -443K

WTI crude oil was trading up 14-cents to $62.17 earlier. It had been up to $64.19 earlier on a report that Israel was considering attacking Iran’s nuclear facilities.

This data is bearish.

This article was written by Adam Button at www.forexlive.com.