oil pumpjack horror
  • Crude oil inventories -2191K vs +1835K exp
  • Gasoline inventories -2201K vs -1471K exp
  • Distillates inventories -3543K vs -2181K exp
  • Refinery utilization +1.0% versus expectations of -0.6%

Private oil inventories released late yesterday:

  • Crude -1580K
  • Gasoline -5926K
  • Distillates -2672K

WTI crude oil was trading up by 40-cents to $70.80 ahead of the report and these numbers should add to that.