US petroleum inventories and production data for the week ending April 12
- Prior was +7029K
- Gasoline -1174K vs -2300K expected
- Distillates -362K vs -1000K expected
- Refinery utilization +0.20% vs +1.00% expected
- Production 12.1 mbpd vs 12.2mbpd prior
API data late yesterday:
- Crude -3096K
- Gasoline -3561K
- Distillates +2330K
- Cushing -1561K
WTI is not doing much on the headlines but has ticked a few cents higher. It's more-bullish than estimates but that was priced in after the API report.
