Weekly inventory data

  • Prior was +4352K
  • Gasoline +2469K vs +1300K expected
  • Distillates -815K vs -500K expected
  • Refinery utilization -0.8%

That's a big draw in the headline and oil has jumped to $52.85 from $52.45.

Private data from API yesterday:

  • Crude -5272K
  • Gasoline +3058K
  • Distillates +1398K