Weekly inventories from the EIA
- Oil prior was +4578K
- Gasoline +3256K vs -279K expected
- Distillates -396K vs -1007K expected
- Refinery utilization vs +0.6% expected
The API data released late yesterday showed:
- Oil +951K
- Gasoline +3682K
- Distillates +345K
- Cushing +345K
This is a mildly bearish report but the initial move in oil has been fractionally higher.
