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Crude Inventories Show a Surprisingly Large Crude Build

COMMODITIES
  • Headline US crude stockpiles a surprising build of 4.1mln bbls vs. Exp. Draw of 196k bbls
  • Meanwhile, Gasoline posts a build of 2.6mln bbls vs. Exp. Build of 1.1mln bbls, while distillates a build of 2.3mln bbls vs. Exp. Draw of 1.3mln bbls
  • Refinery utilization at -0.40% vs. Exp. 0.64% and the SPR unchanged at 371.5mln bbls

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