Sevens Report Chart of the Day by Analyst Tyler Richey

Crude oil futures are extending losses this morning after the EIA reported largely bearish inventory data. See results below.

WTI Crude Oil: -1.0M barrels vs. (E) -1.2M barrels

RBOB Gasoline: +2.4M barrels vs. (E) Unchanged

Distillates: +4.1M barrels vs. (E) +600K barrels