Weekly crude oil inventories show a drawdown of -1.962M versus a -0.992 million

  • Weekly inventory data from the EIA
  • Crude oil drawdown of -1.962M versus -0.992 million drawdown estimate
  • Distillates build 3.077M versus 0.75 million build estimate
  • gasoline build 5.852M versus 2.034 million build estimate
  • Refining utilization -1.6% versus estimate of -0.9%. Previous +0.6%
  • Weekly crude production 13.481 million barrels versus 13.563 million barrels previously

The private inventory data released late yesterday showed

Private data

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