Weekly oil inventories from the EIA
Prior was -46Ok
Gasoline +6890Ok vs +2400Ok anticipated
Distillates +9529Ok vs +1100Ok anticipated
Refinery utilization +2.1% vs +zero.three% anticipated
Cushing +641Ok vs +799Ok
API numbers late yesterday:
Crude -4500KGasoline +8000KDistillates +4000KCushing +483Ok
This can be a tender report for oil nevertheless it mirrors the API quantity. The oil market has shaken it off and stays sky excessive. The provision story is not on the high of thoughts proper now and the roles numbers and China stimulus are nice information on that entrance.
WTI up $1.54 to $48.62 final.