US energy supply data from the Energy Information Administration:
– Prior was -2104K
– The ‘consensus’ was -1250K
– API inventories showed a 3700K draw
– Gasoline +1369 vs +850K exp
Market expectations were around -3000K and Bloomberg had the whisper number at -2662K. Refineries are going into maintenance and switchover season, that will swell inventories in the weeks ahead.
