Crude Oil Storage Report - July 15

[dan_s]

CRUDE OIL INVENTORY/’000 bbls (Week Ended 7/10/15)

Current: 461,417
Actual Build/(Withdrawal): (4,346)
Economist Average Estimate: (1,242)
Previous: 465,763

IMO part of this big draw is a correction of last week's build, which looked suspect to me. There is always a lot of WAG's (Wild Ass Guess) in these weekly reports from EIA.

[setliff]

damn dollar is keeping fundamentals like these from hiking oil up. dxy up another 40c today.

however brent is trading up---i don't understand the difference??