EIA Petroleum Inventories

The EIA inventories just came out a few minutes ago at an 8.9 mn barrel weekly build vs last week's 10.1 mn barrels. Gasoline inventories fell -2.6 mn barrels vs last week's build of .6 mn barrels and distillates saw a -3.9 mn barrel draw vs last week's 3.3 m barrel draw.

Overall, the trend may be at an inflection point...

From Bloomberg's Econoday

Inventories may be at an inflection point, turning down.

As for USO...

 This is the move below the support area on increased volume, the volume at the 10:30 report and price bar is marked by a small yellow arrow.

As for early 3C indications, you already saw the larger picture of the 5 min charts, but they won't move this fast after the just released report. So far the 1 min chart above which was part of the evidence that suggested a head fake like move below local support was coming can be seen as well as the start of a positive divegrence intraday right at the EIA release.