US Private Inventory Data (bbls): Crude -2.8mln (exp. +0.5mln), Distillate +4.9mln (exp. +2.1mln), Gasoline +4.4mln (exp. +3.2mln), Cushing +0.7mln

US Private Inventory Data (bbls): Crude -2.8mln (exp. +0.5mln), Distillate +4.9mln (exp. +2.1mln), Gasoline +4.4mln (exp. +3.2mln), Cushing +0.7mln.

The recent US private inventory data indicates a significant crude oil draw of 2.8 million barrels, contrasting sharply with expectations for a build of 0.5 million barrels. This unexpected draw, alongside larger increases in distillate and gasoline inventories, suggests tight supply in crude while demand signals remain relatively robust, potentially impacting WTI and Brent prices positively.