Weekly US petroleum inventories:
- Prior was -5474K
- Gasoline +3212K vs +2062K expected
- Distillates +8776K vs +500K expected
- Refinery utilization +1.2% vs +0.4% expected
That's a huge draw in crude but it's balanced out by some large builds in gasoline and distllates. Oil ticked higher but only marginally on the headlines to $63.35 in WTI.
API crude data from earlier in the week:
- Crude -7800K
- Gasoline -700K
- Distillates +2800K
- Cushing -1400K
