US EIA weekly oil inventories show a smaller draw than expected w/e 14 December 2018

US weekly oil inventory data w/e 14 December 2018

• Oil inventories -0.497 vs -2.437m exp. Prior -1.208m
• Cushing 1.091m vs 1.148m prior.
• Gasoline 1.766m vs 1.200m exp. Prior 2.087m.
• Distillates -4.237m vs 0.573m exp. Prior -1.475m.
• Production 11.6m vs 11.6m prior

Still a draw. WTI from 47.70 going into the data to 47.95.

Here’s the detailed report.

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