Seeking Alpha

Oil futures erase loss after inventory draw

  • WTI crude erases nearly all of an earlier loss after EIA data shows a 2.8M barrel decline in oil inventory.
  • Gasoline stocks fell 1.2M barrels, while distillates grew 2M (the heating season approaches).
  • USO -0.05%.
  • Other related: OIL, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI.
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