- Weekly crude supplies up 6.1 million barrels, prior was 12.7m barrels
- Gasoline stocks up 2.0 million barrels
- Stocks at Cushing up 2.6 million barrels
- Capacity utilization up 0.3 pp to 89.25%
WTI down about 50-cents in the past 10 minutes. Some of it looks to have hit just before subscribers got the release but the API data isn’t exactly protected like it’s non-farm payrolls.
Wednesday’s official EIA inventory data is expected to show at 3.94m barrel build but the market will now likely build in an upside bias.
