US weekly EIA oil inventories +2588K vs +1029K expected | Forexlive

• Prior was -1725K
• Gasoline -1478K vs -805K expected
• Distillates +170K vs -1138K expected
• Refinery utilization -0.6% vs +0.3% expected
• SPR draw of 3.4m vs -3.4m expected
• Implied oil demand 20.587m vs 20.761m prior
• Gasoline implied demand +252k bpd

API data released late yesterday:

• Oil +4520K
• Gasoline -2278K
• Distillates +635K

WTI crude oil is having a solid day today, up $1.50 to $86.84 and is largely unchanged after the data.