Highlights of the US EIA crude oil inventory data 28 May 2015

  • Prior -2474k
  • API data showed a build of 1.3mb
  • Cushing -433k vs -800k exp. Prior -241k
  • Gasoline -3309k vs -1163.64k exp. Prior -2774k
  • Refinery utilisation 1.20% vs 0.3% exp. Prior 1.20%

WTI bounces after dropping all day on the API expectations. We traded up to 57.12 from 56.48