• Prior was -2762K
  • Gasoline -2497K vs -480K expected
  • Distillates -1266K vs +1133K expected
  • Cushing +69K vs -782K prior

The private oil survey from API late yesterday:

  • Crude +3825K
  • Gasoline -1814K
  • Distillates -635K
  • Cushing +459K

WTI crude oil was trading at $103.70 just before the release, up more than 5%. It fell to $103.18 in the aftermath.