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US EIA oil inventories +3979 vs +2200K

Discussion in 'Market News' started by ForexLive, Jan 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Weekly supply data from the Energy Information Administration: - Prior was +234K - The showed a 4.6m barrel build - Gasoline +4563K vs 1900K exp - Distillates -1025K vs +800K exp There has been a focus on the massive swells in gasoline and distillate inventories for the past two weeks. The big build in gasoline will likely outweigh the surprise drawdown in crude but I also think there may be bottom-pickers in oil who were waiting until after this report to jump in.

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