This ends a streak of large draws.

• Prior was -5836K
• Gasoline +4188K vs -236K expected
• Distillates -1710K vs -960K expected

API data from late yesterday:

• Crude +680K
• Gasoline +1920K
• Distllates -3458K

Oil was higher earlier in the day but began a slump well before this data and was trading up 15-cents before the data.

This article was written by Adam Button at www.forexlive.com.