Weekly US petroleum inventory data
- Prior crude -6645K
- Gasoline +672K vs +1477K expected
- Distillates -3422K vs -1549K expected
- Production 10.8 mbpd vs 11.0 mbpd prior
API private oil inventories from late yesterday:
- Crude -5800K
- Gasoline +3900K
- Distillates -3500K
- Cushing -3000K
This is for the week ending Feb 12 so it doesn't capture the impact of the outages in Texas. Next week's report will be very interesting.
Oil is getting a moderate lift from this report, up to $61.00 from $60.75 before the data.