Weekly EIA US petroleum inventories
- Prior was -426K
- Gasoline -1963K vs -700K exp
- Distillates -2324K vs -1167K exp
- Refinery utilization +0.2% vs -1.0% exp
- Cushing -142K vs -421K prior
API data from late yesterday:
- Crude +620K
- Cushing -53K
- Gasoline -2837K
- Distillates -2581K
Oil is near the lows of the month with WTI down $2.60 to $62.91. There’s been little reaction to this report.