- Crude oil -12.456M draw versus expectations of 0.775M build
- distillates draw of -0.562M vs expected build of 0.385M build
- gasoline draw of -2.053M vs expected drop -1.051M draw
- weekly crude oil imports -1.249M versus -0.127 million last month
- weekly refinery utilization -0.3% versus expected 0.6%. Last week 1.0%
The drawdown is much larger than expectations and even larger than the private data last night.
Crude oil drawdown from private data
Crude oil is currently trading up $1.60 at $74.54.