US oil inventory data week ending 24 November 2017
- Prior -1.855m
- Overnight private data 1.821m
- Cushing -2.914m vs -1.827m prior
- Distillates 2.747m vs 0.700m ecp. Prior 0.269m
- Gasoline 3.627m vs 1.018m exp. Prior 0.044m
- Production 9.682m vs 9.658m prior
That would have scuppered some traders who read the overnight private data.. WTI has flip-flopped between 57.92 and 57.60. The key number as ever is the production figure.