US weekly EIA oil inventories +7265K vs -1100K expected ...Middle East

Prior was -6368KGasoline +344K vs -1060K expectedDistllates -732K vs -225K expectedRefinery utilization -1.0% vs +0.5% expectedImplied mogas demand vs 8.42 mbpd priorUS production 13.1 mbpd vs 13.1 mbpd priorPrivate oil data from late yesterday:Crude +4906KGasoline -1480KDistillates -2187KCushing +1479KOil prices ticked lower on these numbers though not as much as I would have guessed. This article was written by Adam Button at www.forexlive.com.

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