oil pumpjack
  • Prior was +5474
  • Crude oil inventories +2149K vs +1103K exp
  • Gasoline inventories +412K vs -878K exp
  • Distillates inventories +2947K vs -1137K exp
  • Refinery utilization +1.4% versus expectations of +0.3%

Private inventory data released late yesterday:

  • Crude +1643K
  • Gasoline -2019K
  • Distillates -1478K

Today's report is bearish for crude but ahead of the report, it had made an impressive comeback.

WTI crude oil
WTI crude oil, 10 mins