Crude oil inventories out at 10:30crude oil inventories +2.08M , lower than +2.40M expected
distillate stocks -3.55M, much lower than +0.304M expected
crude oil US domestic production -24k b/d in a week
(again, about -20k b/d per week on average since mid jan)
Simply put: bullish report (wti jun contracts back up to flat at $42.38)
And we are heading to the summer driving season...
https://www.forexlive.com/EconomicCalendar
https://www.eia.gov/petroleum/supply/weekly/
https://ir.eia.gov/wpsr/overview.pdf
https://www.investing.com/commodities/crude-oil