EIA crude oil inventories build of 0.574M versus a drawdown of -0.821 million estimate

• Crude oil inventory build of 0.574M versus drawdown of -0.821 million estimate
• gasoline oil inventory 4.5M barrels versus build of 1.468 million estimate
• distillates oil inventory 2.1M barrels versus build of 0.707 million estimate.
• Cushing drawdown of -0.457M vs prev -0.068M

The private data released late yesterday showed:

• Crude +2480K
• Gasoline +3100K
• Distillates +2880K.

The price of crude oil is trading up $0.80 at $59.48. The high price today reached $59.64. The low price was at $58.37.

This article was written by Greg Michalowski at investinglive.com.