US weekly EIA oil inventories -8010K vs -2700K expected

Weekly US oil inventories

  • Prior was -6065K
  • Gasoline +4519K vs -900K exp
  • Distillate +6390K vs +1200K exp
  • Refinery utilization +1.3% vs +0.4% exp
Oil rose about 20-cents on the headlines as it focuses on the headline, not the product builds.
API late yesterday:
  • Oil -1633K
  • Gasoline +5473K
  • Distillate +7146K