- Prior was +2588K
- Gasoline -1257K vs -1358K expected
- Distillates +427K vs -560K
- Refinery utilization +1.7% vs +0.5% expected
- Cushing +1267K
- Production 11.9 mbpd vs 12.0 mbpd prior
- SPR draw of 1.9m
- Implied demand at 20.481 mbpd, down 106K w/w
- Gasoline demand -270K bpd
- Implied mogas demand: 8.66Mbpd
API data released late yesterday:
- Crude -6.530MM (+267k exp)
- Gasoline -2.640MM
- Distillates +865K
- Cushing +883K
WTI crude oil is up 20 cents on the day and largely unchanged since the data.
