US weekly EIA crude oil inventories -3106K vs -1250K expected

Weekly crude oil inventories and production:

  • Oil -3106K vs -1250K expected
  • Gasoline -1692K vs +477K expected
  • Distillates -551K vs +377K exp
  • Refinery utilization +0.7% vs +0.34% exp
  • Production 12.2mbpd vs 12.3 mbpd prior

API numbers released late yesterday:

  • Crude -812K
  • Cushing +519K
  • Gasoline +1458K
  • Distillates -50K

WTI has jumped into positive territory at $54.10 from $53.50 on the headlines.


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