Weekly petroleum storage data
- Prior was -3234K
- Gasoline -2242K vs -1557K expected
- Distillates +645K vs -271K expected
- Cushing +70K vs -980K prior
The API data from late yesterday showed:
- Crude -1622K
- Distillates -245K
- Gasoline -985K
- Cushing -500K
WTI Crude is back up to $67.51 from $67.20 ahead of this data. The larger draw in gasoline and the head-fake from API has led to some buying.
Gasoline demand is up 8% from a year ago to 9.53 million barrels per day
