- Prior was 718K
- Gasoline -346K vs -486K exp
- Distillates -1427K vs -396K exp
- SPR release 2.7 million barrels (already announced)
- Impld mogas demand: 7.51Mbpd
- Production estimate 12.1 mbpd
Private data released late yesterday:
- Crude +3300K
- Gasoline +1200K
- Distillates -2400K
The ongoing SPR releases are nearly done with just 2.4 million barrels left to be released and 221.3 million barrels sold, or 603K barrels per day in 2022. Those sales will turn into some minor buys in Feb, perhaps with more to come.
WTI crude oil was up 83-cents to $73.72 ahead of the release and rose to $74.00 afterwards.
WTI intraday
