- Prior was +2423K
- Gasoline +2317K vs +1543K
- Distillates -1285K vs +447K
- Refinery utilization -1.4% vs +0.3% expected
Oil is down about 30-cents on the headline. That's a gigantic build. It's not entirely shocking as the API data late yesterday also showed a large build, but not that large. US commercial inventories have risen 50.75 million barrels so far this year. This is was the fourth-largest build ever and the third largest was last month.
API:
- Crude +10507K
- Gasoline +846K
- Distillates +1728K
