• Prior was -2170K
  • Gasoline +6481K vs +161K expected
  • Distillates -1269K vs -333K expected
  • Refinery utilization -2.2% vs -0.4% expected

This helps to explain the breakdown in gasoline cracks.

API data late yesterday showed API inventories:

  • Crude -4.21M
  • Cushing +0.705K
  • Gasoline +3.946M
  • Distillate +0.349K