- Prior was +2149
- Crude oil inventories +2089 K vs +750K exp
- Gasoline inventories -4407K vs +586K exp
- Distillates inventories -1394K vs +234K exp
- Refinery utilization +0.9% versus expectations of +0.6%
Private inventory data released late yesterday:
- Crude -777K
- Gasoline +312K
- Distillates +1136K
WTI crude was trading up 45-cents ahead of the report. Despite the headline, I take this as a bullish report on the large draw in products.
