- Prior was -1962K
- Gasoline +2332K vs +2281K expected
- Distillates -3070K vs +283K expected
- Refinery utilization -5.8% vs +0.8% expected
That drop in refinery utilization highlights some of the issues around cold weather lately. WTI fell shortly before the report after Trump called for OPEC to pump more.
Here were the private inventory numbers yesterday:
- Crude +1000K
- Gasoline +3200K
- Distillates +1900K
This article was written by Adam Button at www.forexlive.com.
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