- Crude oil inventories 1.367 million versus 2.116M build estimate
- Gasoline inventories drawdown -4.460 million versus -1.640 drawdown estimate
- Distilates inventories drawdown -4.131 million versus -0.665M drawdown estimate
- Cushing build 0.701M versus 1.458 million build last week
private data late yesterday showed:
- Crude oil build 0.423 million
- Gasoline drawdown -2.800 million estimate
- Cushing build +0.500 million estimate
Crude oil is trading at $80 up around $1.85 on the day. The high price reached $80.10. The high price on Friday extended up to $80.82 which was the highest level going back to November 7, 2023.
Technically, the low-priced today’s stall just ahead of its 200-day moving average at $77.95. The low-priced today reached $78.02.
Crude oil