- Prior was -3326K
- Gasoline +333K vs -1667K expected
- Distillates +95K vs +530K expected
- Refinery utilization -1.8% vs -0.8% expected
- Implied gasoline demand 8.73m vs 8.591m last week
- SPR draw of 7.5m vs 3.1m prior (-7.5m expected)
Some of this was hinted at in the API report late yesterday but it's still a much bigger build than anticipated. Interestingly, the oil market isn't taking it too badly.
