US weekly EIA crude oil inventories +1234K vs -2150K expected ...Middle East

Prior was -9233KGasoline +1156K vs +1483K expDistillates -2542K vs +425K expRefinery utilization +2.6% vs +2.1% expProduction 13.0 mbpd vs 12.3 mbpdImpld mogas demand: 8.14 mbpd mbpd vs 7.88 mbpd priorLast week's production and consumption data was affected by US winter storms and cold.API data from late yesterday:Crude: -2500K Gasoline:+600KDistillates:-2100K This article was written by Adam Button at www.forexlive.com.

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