Weekly oil inventory data from the EIA
- Prior was -3481K
- Gasoline +193K vs +1400K expected
- Distillates +385K vs -1648K expected
- Cushing +131K
- Refinery utilization +0.6% vs +0.5% expected
API:
- Oil 4127K
- Gasoline +3555K
- Distillates +2483K
- Cushing +359K
Oil has taken some body blows today but is down only 20 cents on this data. Crude is also shrugging off the incredible strength in the US dollar.
