US weekly petroleum inventory data
- Prior was -6422K
- Gasoline vs -1067K expected
- Distillates vs -1190K expected
- Refinery utilization vs +2.4% expected
API data from late yesterday:
- Crude -6108
- Gasoline -432K
- Distillates -2720K
- Cushing -1748K
Expectations undoubtedly shifted after the API report and that’s why oil is up 2% today.