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Weekly US oil private inventories show draws in oil and gasoline

The expectation is for tomorrow’s official data

Crude prices fell about 20-cents on the headlines but this is a small miss at worst. That might be a hint at how fragile oil bulls are right now given the delta concerns.

Current expectations for the EIA report tomorrow:

  • Crude -1055K
  • Gasoline -1671K
  • Distillates +276K
  • Refinery utilization +0.2%

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