Weekly energy inventory data from the US EIA
Prior was +1852K
Gasoline -459K vs +1250K exp
Distillates -1750K vs -1250K
Cushing +1699K
Production 11.1 mbpd vs 11.1 mbpd prior
API yesterday
- Crude +907K
- Gasoline -1703K
- Distillates -1197K
- Cushing +2018K
That's a very big build in inventories (largest in 19 months) and the gasoline draws aren't as large as the API data. WTI crude quickly down to $74.43 from $75.28 per barrel.