EIA weekly US crude oil inventories -1017K vs -1645K

• 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.