Weekly Department of Energy inventory data for the week of June 26

  • Crude oil is trading at $39.70
  • crude oil inventories - 7195K vs. -500K est. The private data came in at -8156K.
  • gasoline inventories 1199K vs -1500K est. The private data showed a draw of -2459K
  • distillates inventories -593K vs 500K est. The private data showed a build of 2638K
  • Cushing OK crude inventories -263K vs -991K last week
  • refinery utilization 0.9% vs. 0.5% estimate
  • crude oil implied demand 17997 vs 17334 last week
  • gasoline implied demand 9043.3 vs 8893.7 last week
  • distillates implied demand 4843.7 vs 4594 last week