The weekly Department of Energy inventory data
- crude oil inventories -2077K vs. +300K estimate
- gasoline inventories 2795K vs 300K estimate
- distillates inventories 9934K vs 2900K estimate
- Cushing OK inventories -1739K vs -3395K last month
- US refinery utilization 0.50% vs 0.90% estimate
- crude oil implied demand 17676 vs 17467 last week
- gasoline implied demand 7811.0 vs 7463.9 last week
- distillates implied demand 3457.9 vs 4150 last week.
The private data yesterday showed:
- crude oil -483K
- Gasoline +1706K
- Distilates +5917K
- Cushing -2200K
Crude oil July futures were trading at $36.75 just prior to the report. The price is currently trading at $36.67