DOE crude oil inventories for the week of February 21
- Crude oil price before the report was trading at $50 per barrel
- Crude oil 0.452M vs +2.6M estimate
- Gasoline =2.691M vs -2.00M estimate
- Distillates -2.115M vs -1.500M estimate
- Cushing OK crude 0.906M vs -0.133M last week
- US refinery utilization -1.5% vs -0.7% estimate
- Crude oil implied demand 19152 vs 19488 last week
- Gasoline implied demand 9877.1 vs 9687.4 last week
- Distillates below demand 5325.1 vs 5069.7 last week.
Crude oil is trading a little higher at $50.08 after the report. That is up to $0.18 or 0.33%.
