Weekly petroleum report from the EIA:

  • Prior was +5720K
  • Distillates -1358K vs +3000K exp
  • Gasoline -1666K vs -750K

The product draws are outweighing the headline and WTI is up to $38.20 from $37.65 just before the numbers.

API data released late yesterday:

  • Crude +3857K
  • Cushing -3289K
  • Gasoline +4267K
  • Distillates +919K