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US weekly EIA oil inventories -5085K vs +500K expected

Discussion in 'Market News' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    US weekly oil data from the Energy Information Administration: - Prior was +2629K - Gasoline inventories +10,576K vs +1800K exp - Prior gasoline inventories +925K The +500K 'expected' number is an illusion after yesterday's , which showed a 5600K drawdown. The Bloomberg whisper estimate was -4100K. API forecast gasoline stocks to rise 7100K, which may balance out the bullish crude data.

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