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
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