A look at oil before the EIA report - daily
- Prior was -9233K
- Gasoline +1156K vs +1483K exp
- Distillates -2542K vs +425K exp
- Refinery utilization +2.6% vs +2.1% exp
- Production 13.0 mbpd vs 12.3 mbpd
- Impld mogas demand: 8.14 mbpd mbpd vs 7.88 mbpd prior
Last week's production and consumption data was affected by US winter storms and cold.
API data from late yesterday:
- Crude: -2500K
- Gasoline:+600K
- Distillates:-2100K
