- Prior was +3500K
- Gasoline -1644K vs +1623K expected
- Distillates -929K vs -1739K expected
- Refinery utilization +1.5% vs -0.3% expected
There have been better reports on US driving in the past week as omicron risks fade. Airline bookings have also jumped in a sign that the summer travel season could be busy. Oil jumped on the headlines and is back above $90.
1 hour chart:
API data released late yesterday:
- Crude -2025K
- Gasoline -1138K
- Distillates -2203K
- Cushing -2502K
