EIA weekly US crude oil inventories -1639K vs -3270K exp
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US oil supplies
- Prior was -4389K
- Gasoline -4025K vs -921K exp
- Distillates -3364K vs +1000K exp
- Cushing +4K vs -74K prior
- Refinery utilization -1.0% vs +0.6% exp
API data from late yesterday:
- Crude +691K
- Cushing +298K
- Gasoline -7735K
- Distillates -2104K
Oil futures ticked higher on this report with the large draws in products offsetting the miss on the oil headline.