EIA weekly US oil inventories +718K vs -1520K expected | Forexlive
- Prior was -5894K
- Gasoline -3105K vs +520K exp
- Distillates +282K vs -2050K exp
- Refinery utilization +1.1% vs -1.2% exp
Refineries ran harder than assumed last week.
Private data from late yesterday showed:
- Crude -1300K
- Gasoline +510K
- Distillates +380K
Crude is softer on this data but all that talk at the moment is about China’s reopening. WTI crude oil last traded at $77.46.