Weekly private oil inventory data

  • Crude -3720K
  • Cushing -251K
  • Gasoline +2930K
  • Distillates +794K

Expectations for tomorrow's EIA report:

  • Crude -1500K
  • Gasoline +2000K
  • Distillates -500K
  • Refinery utilization +0.7%

The surprise draw in crude is balanced out by the builds in products. WTI initially rose 30 cents but has given it all back.