US weekly crude oil inventories +919K vs +3150K expected

Weekly oil inventory and production data

  • Gasoline -2235K vs +2800K exp
  • Prior gasoline +4050K
  • Distillates -1122K vs -1100K exp
  • Prior distillates -617K
  • Refinery utilization -2.8% vs -0.85% exp
  • Prior -1.7%

The API data from late yesterday:

  • Crude +2098K
  • Gasoline +2400K
  • Distillates -2000K

Oil is at the highs of the day after the data with WTI crude up 92-cents to $54.33.

Weekly US oil inventory change:


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