- Prior was +2588K
- Gasoline -1257K vs -1358K expected
- Distillates +427K vs -560K
- Refinery utilization +1.7% vs +0.5% expected
- Cushing +1267K
- Production 11.9 mbpd vs 12.0 mbpd prior
- SPR draw of 1.9m
- Implied demand at 20.481 mbpd, down 106K w/w
- Gasoline demand -270K bpd
- Implied mogas demand: 8.66Mbpd
API data released late yesterday:
- Crude -6.530MM (+267k exp)
- Gasoline -2.640MM
- Distillates +865K
- Cushing +883K
WTI crude oil
Crude Oil
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Read this Term is up 20 cents on the day and largely unchanged since the data.
