Weekly EIA crude oil inventory data

  • crude oil inventory show a build of 3.62M versus expected drawdown of -3.102M
  • Cushing -0.543M vs -1.268M previously
  • Distilates +0.833M vs -0.543M expected (previously -3.088M)
  • refining utilization 0.200% versus expected 0.6% (previously -0.3%)
  • weekly crew production 11.2M versus 11.2 last week.