• Prior week -0.961 million
• crude oil inventory sees a drawdown of -6.858 million versus expectations at -0.211 million.
• Distillates inventories drawdown of -3.362M versus -1.735M estimate
• Gasoline drawdown -5.941M vs estimated -1.903M

The price of crude oil has moved higher after the largely expected drawdowns. The high price reached $60.71. The current price is at $60.61 up $0.45 on the day.

This article was written by Greg Michalowski at investinglive.com.