DOE EIA crude oil inventory report 29 July 2015

  • Prior 2.468m
  • Cushing -212k vs +250k exp. Prior 813k
  • Gasoline inventories -363k vs +250k exp. Prior -1.725m
  • Distillates 2.588m vs 1.450m exp. Prior 235k

The expected number in the headline was Bloomberg's secondary estimates following the API data which showed a 1.9m drawdown. Their prior forecast was for a 850k build

WTI jumps around 50 cents to 48.30