oil pumpjack Alberta foothills
  • Prior was +3165K
  • Gasoline -4256K vs -820K expected
  • Distillates -1268K vs -604K expected
  • Production 13.1 mbpd vs 13.1 mbpd prior
  • Implied mogas demand: 9.24Mbpd vs 8.715Mbpd prior

There has been some minor selling in oil on the headlines.

API data late yesterday showed:

  • Crude -2286K
  • Gasoline -1416K
  • Distillates -2548K