EIA weekly oil inventories -3135K vs -2200K expected

Weekly US oil inventories

  • Prior was +15,189K
  • Gasoline +1020K vs +1874K exp
  • Distillates +167K vs +850K exp
  • Refinery utilization -0.8% vs +0.5% exp
Private oil inventories from late yesterday:
  • Oil +1973K
  • Gasoline +828K
  • Distillates +4762
The EIA numbers are less-bearish than the private numbers and that’s given crude a small lift but it’s still flat on the day at $47.65.
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