EIA weekly US oil inventories +7648K vs +2083K expected | Forexlive

• Prior was +16283K
• Gasoline -1856K vs +2317K
• Distillates 2698K vs -1285K
• Refinery utilization -0.6% vs -0.2% expected

Here were the API numbers, which undoubtedly leaked:

• Crude +9895K
• Gasoline +894K
• Distillates +1374K

WTI crude oil was trading at $75.54 ahead of the release and was little moved on the headline on the kneejerk.

Here is implied demand for all products from Giovanni Staunovo, which well-below last year, though the numbers were revised much higher in the summer and late last year when the monthly data was released.