US weekly EIA crude oil inventories -562K vs -3000K expected

Weekly US energy inventories

  • Prior was -3135K
  • Gasoline -1125K vs +800K exp
  • Distillates -2325K vs -1500K exp
  • Refinery utilization -1.1% vs +0.5%
The private oil survey:
  • Crude +2700K
  • Gasoline -224K
  • Distillates +1030K
These numbers are quite a bit better than the API data from late yesterday but the reaction in the oil market has been tepid.