Dec WTI
- Prior was +10176K
- Gasoline -2371K vs -1097K expected
- Distillates -3185K vs -1360K expected
- Refinery utilization +0.4% vs -% expected
- Implied mogas demand 8.94m vs 8.58m prior
- Domestic production 13.2 mbpd vs 13.2 mbpd prior
December WTI crude oil was trading up $1.27 to $86.73 ahead of the data. This is bullish and distillate inventories are particularly tight.
Late yesterday, the API reported:
- Crude -4383K
- Gasoline -1578K
- Distillates -612K
- Cushing -10005K