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Build in Headline Crude Countered by Sizeable Distillates, Gasoline Draw

COMMODITIES
  • Headline Crude oil inventories well ahead of expectations, with a build of 1.3mln bbls vs. Exp. Draw of 156k bbls
  • Countered somewhat by sizeable draw for Gasoline stocks, which see a draw of 2.2mln bblsvs. Exp. Draw of 461k, while distillates also a larger draw than forecast: -2.3mln bbls vs. Exp. Draw of 1.5mln bbls.
  • SPR dips by 3.0mln bbls to 550mln bbls.

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