US weekly EIA oil inventories +7265K vs -1100K expected

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  • Prior was -6368K
  • Gasoline +344K vs -1060K expected
  • Distllates -732K vs -225K expected
  • Refinery utilization -1.0% vs +0.5% expected
  • Implied mogas demand vs 8.42 mbpd prior
  • US production 13.1 mbpd vs 13.1 mbpd prior

Private oil data from late yesterday:

  • Crude +4906K
  • Gasoline -1480K
  • Distillates -2187K
  • Cushing +1479K

Oil prices ticked lower on these numbers though not as much as I would have guessed.

This article was written by Adam Button at

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