US EIA weekly crude oil inventories
– Prior was +1177K
– showed a drawdown of 1900K
– Gasoline +786K vs +1750K exp
– Distillates +4998K vs +2250K exp
– Refinery utilization -1.4% vs +0.5% exp
It looks like what was happening at Cushing threw off analysts but once again the API numbers were the tell.
