Highlights of the weekly petroleum report
- Prior was -1002K
- Gasoline-892K vs 0K exp
- Distillates -4491K vs -1758K exp
- Refinery utilization +1.7% vs +0.75% exp
API numbers from late yesterday:
- Crude +4557K
- Gasoline +2252K
- Distillates -5333K
The oil market didn't need this number on a day like today. WTI is at a new session low at $37.15, down 6% on the day. This added some mind further selling pressure.
