WTI crude oil was trading up $1.43 to $77.47 ahead of the release, that’s a session high.

• Prior was -7227
• Distillates vs -470K expected
• Gasoline vs -1001K expected

Private data from late yesterday:

• Crude -8330K
• Gasoline +2479K
• Distillates -500K

This is the third consecutive large draw in US crude inventories and the largest combined three-week draw on record. No wonder Trump was in a rush to make a deal with Iran.

This article was written by Adam Button at investinglive.com.