Weekly EIA oil inventory and production data
- Prior was -2500K
- Gasoline -1719K vs +100K expected
- Distillates inventories +839K vs +1500K
- Refinery utilization -2.20% vs -0.80%
- Production 11.0mbpd vs 10.9mbpd prior
Here's what the API reported late yesterday:
- Crude +1250K
- Gasoline +1485K
- Distillates +1536K
The build in distillates was a bit small but draws in gasoline and crude defied the API report. It's always a tough time of year to make estimates because of storms.
Here's oil. Initially it ticked down but is back to the best levels of the day.
