US inventory data coming up next
There are some divergent views on today’s weekly oil inventories report, in part because of a surprise build last week.
API data released yesterday:
- Crude +3294K
- Gasoline -3500K
- Distillates -3000K
- Cushing -2500K
Consensus today:
- Crude +1857K
- Gasoline -1267K
- Distillates -700K
- Refinery utilization -0.1%
WTI is down 94-cents to $82.02 today.
