Weekly US petroleum inventory data:
- Prior was -7990K
- Gasoline +378K vs 0K expected
- Distillates -1743K vs -1500K expected
- Refinery utilization -0.4% vs +0.4% expected
- Production estimate 11.0 mbpd vs 10.9 mbpd prior
API data released late yesterday showed:
- Crude -2530K
- Gasoline +5640K
- Distillates -0.870K
- Cushing -1210K
WTI crude hit a daily high of $66.60 about 10 minutes before this report. It's down to $66.26 now.
