EIA weekly US oil inventories -6147K vs -3000K expected

Weekly oil inventory data from the EIA

  • Prior week was +5836K
  • Gasoline -2328K vs -1092K exp
  • Distillates -101K vs +550K exp
  • Refinery utilization -0.5% vs +1.0% exp
  • Production unchanged at 11.000 mbpd

Here was the API data

zh-api-oil.png

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