- Prior was +3925K
- Gasoline +2207K vs +310K expected
- Distillates +1120K vs +513K expected
- Refinery utilization +0.8% vs +0.5% expected
- Implied demand at 21.087 mbpd vs 20.267 mbpd prior
- Gasoline demand -269K vs +351K bpd prior
This is a bullish report but it was generally expected after yesterday's private inventory figures. Oil found a bit of a footing after the numbers but remains down $1.66 on the day.
oil 15 mins