US weekly EIA crude oil inventories -10584K vs -3267K expected

  • Weekly US petroleum stockpile data
WTI crude
WTI crude daily
  • Prior crude -6135KK
  • Gasoline -214K vs -933K expected
  • Distillates +1235K vs +189K expected
  • Refinery utilization -1.2% vs +0.0% expected
  • Production estimate 12.8 mbpd vs 12.8 mbpd prior
  • Impld mogas demand: 9.07 mbpd vs 8.91 mbpd prior

The API data late yesterday showed:

  • Crude -11486K
  • Gasoline -1400K
  • Distillates +2460K

This number isn't quite as good as the API number but there was some disbelief at the huge API draw and now there are fresh bids in oil.

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