• Prior week +3.592 million
  • Crude oil 8.701M versus +1.160 million estimate.
  • Gasoline 0.749Mversus -0.150 million estimate. Prior week -1.540 million
  • Distillates -1.018M versus -0.761 million. Prior week -1.422 million.
  • Cushing +0.858M versus +1.925M last week
  • refinery utilization +0.9% versus 0.9% expected and 0.9% prior

The private data last night showed a surprisingly large 9.1 million build in crude oil stocks. Below where there numbers for the other inventory data:

Oil
Private inventory data changes in the current week

The price of WTI crude oil was trading down at $74.20 prior to the release. OPEC+ postponing their schedule meeting for November 26 to November 30 has investors concerned about the ability to cut production quotas.

The current price is trading right around those levels at $74.20, down $-3.55 or -4.5%.