Weekly petroleum storage and production data
- Prior was -1846K
- Gasoline inventories +1644K vs +1000K expected
- Distillate inventories -2606K vs -1500K expected
- Refinery utilization -0.5% vs +0.8% expected
- Production +0.1% w/w
- Production 9.561mbpd vs 9.547mbpd prior
The big draw in crude isn't as big of a surprise as it seems. The API numbers late yesterday showed at 4079K draw.
Still WTI is up about 30-cents on the kneejerk.
