US weekly oil inventories +3514K vs +3879K expected

  • Weekly US oil inventories
Oil market crude
  • Prior was +12018K
  • Gasoline -294K vs -2113K exp
  • Distillates -4009K vs -1739K exp
  • Refinery utilization 0.0% vs +0.9% exp
  • Production mbpd 13.3 mbpd vs 13.3 mbpd
  • Impld mogas demand: 8.2 mbpd vs 8.17 mbpd prior

Private oil inventories from late yesterday:

  • Crude +7168K
  • Gasoline +415K
  • Distillates -2908K
  • Cushing +668K

Given the jumps in yesterday's data, these numbers should bring some bids for oil, which was up about 20 cents ahead of the data.

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