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US EIA weekly oil inventories 961K vs +1000K expected

Discussion in 'Market News' started by ForexLive, Nov 25, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Weekly oil supply data from the Energy Information Administration: - Prior was +252K - a +2600K reading - Gasoline 2478K vs 950K expected - Prior gasoline was +1009K The oil data looks like it's in-line but the market would have been looking for a larger build after yesterday's API data. So it's a bullish report for crude. That's balanced by the unexpected rises in gasoline and distillate inventories.

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