WTI crude oil was trading up $1.10 cents to $75.05 ahead of the data, it's given back about 30 cents after the data.

  • Prior was -4259K
  • Crude +2909K vs -2283K exp
  • Gasoline +2710K vs +1233K exp
  • Distillates +1485K vs +469K exp
  • Refinery utilization 2.2% vs +0.2% expected
  • Production mbpd 13.3mbpd vs 13.1mbpd prior
  • Implied mogas demand 875mbpd vs 8.86mbpd prior

Late yesterday, the API reported:

  • Crude 939K
  • Gasoline +669K
  • Distillates +2738K