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Crude Oil Report: Bullish Technicals Vs. Bearish Fundamentals, Prices May Retreat Before Retesting $120
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Gasoline inventories rose by 0.4 mmbbl against the five-year average of a 0.2 mmbbl build. The surplus in the category rose to 3.3 mmbbl, or 1.5 percent. Distillate inventories fell by 2.9 mmbbl against the five-year average of a 3.3 mmbbl decline. In turn, the distillate surplus now stands at 2.5 mmbbl, or 1.8 percent.
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