RE:Inventories THIS IS WHAT IS REALLY IMPORTANT...
as already posted-oil draw NOT an increase, gasoline, distillate increase much smaller than predicted....relatively, yet another bullish report...see below...dwdc
The EIA said crude oil inventories decreased by 1.6 million barrels last week
At 417.5 million barrels, U.S. crude oil inventories are about 4 percent below the five-year average for this time of year, the EIA added.
Meanwhile, the report said gasoline inventories crept up by 0.1 million barrels last week and are only slightly below the five-year average for this time of year.
Distillate fuel inventories, which include heating oil and diesel, also inched up by 0.1 million barrels last week but are about 9 percent below the five-year average for this time of year.