EIA weekly crude oil inventories -2762K vs -569K expected

News

oil 10 mins

  • Prior was +1956K
  • Distillates +2559K vs +328K exp
  • Gasoline +2645K vs -452K exp
  • Refinery utilization +1.0% vs +0.5% exp

This is a two-for-one report because of technical problems last week.

The headlines for the latest week mirror the API data released late yesterday:

  • Crude -3799K
  • Gasoline +2852K
  • Distillates +2613K
  • Cushing -650K

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