Crude ticks higher
The build in crude oil inventories wasn't as much as indicated in the API report and that took some of the selling pressure off of oil.
WTI crude is down 37 cents to $38.02 on the day.
- Oil +2033K vs -3000K expected
- Gasoline -2954K vs -2800K exp
- Distillates -1675K vs -1000K exp
- Refinery utilization -4.9%
The market is still working through the effects of Hurricane Laura.
WTI intraday:
