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.
