US weekly oil inventories -1396K vs +2300K expected

Author: Adam Button | Category: News

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.
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