US EIA weekly crude oil inventories +3524K vs +288K expected

• Prior was +3715K
• Gasoline -267K vs -75K expected
• Distillates -4259K vs -294K expected

API inventory data from late yesterday:

• Crude +7.36 million
• Gasoline +2.99 million
• Distillates -4.79 million

I take this as modestly bullish for crude on that big distillate draw. Yes, the crude number was negative but not as bad as API.

This article was written by Adam Button at investinglive.com.