- Prior -600K
- Gasoline +1480K vs -1300K expected
- Distillates -796K vs +112K expected
- Refinery utilization -0.7% vs 0% expected
- Production estimate 12.2 mbpd vs 12.2 mbpd prior
- Impld mogas demand: 8.84 mbpd vs 8.94 mbpd prior
API data released late yesterday:
- Crude -15400K
- Gasoline -1680K
- Distillates -512K
I believe this is the largest weekly draw ever reported but it doesn’t entirely come as a surprise after the API data reported late ysterday. WTI crude oil was down $0.67 to $80.89 ahead of the data.