Prior -884k
- Cushing 3783k vs 256k exp. Prior 2419k
- Gasoline 3425k vs 1600k exp. Prior 2097k
- Distillates 2501k vs 2000k exp. Prior 4957k
- Refinery utilisation 0.6% vs 1.0% exp. Prior -1.0%
- Production 8.697m vs 8.699m prior
A
bigger draw than expected here but not as unexpected after the 'Oil
report that shall not be named' also showed a bigger draw. Production
was pretty flat. There's still the whiff of the OPEC deal floating
around but once that's all done and dusted, we'll likely get back to
seeing the market move more in this report.
WTI managed a 50.20/55 range on the news.
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