WTI crude oil daily
- Prior was -4491K
- Gasoline +156K vs -897K expected
- Distillates -1686K vs -1168K expected
- Refinery utilization -0.5% vs +0.4% expected
- Implied mogas demand 8.86m vs 8.94m prior
- Domestic production 13.2 mbpd vs 13.2 mbpd prior
Late yesterday’s API data:
- Crude -2668K
- Gasoline -4169K
- Distillates -2313K
- Cushing +513K
WTI has declined for four days in a row and was down 54-cents ahead of the data to $83.18 as geopolitical fears cool. These numbers aren’t as bullish as the API report and oil is testing $83.00 afterwards. The October low was $81.50.