WTI crude oil was trading up 56 cents to $69.17 ahead of the data and are up about 40-cents more since the data.
- Prior was -4632K
- Crude -4259K vs -650K exp
- Gasoline +408K vs +1933K exp
- Distillates +1494K vs +623K exp
- Refinery utilization -0.3% vs +0.3% expected
- Production 13.1 mbpd vs 13.1mbpd prior
- Implied mogas demand: 8.86Mbpd
Late yesterday, the API reported:
- Crude -2349K
- Gasoline -5800K
- Distillates +300K