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Crude prices slightly lower after EIA data

OIL

Crude prices tick slightly lower but still up on the day after EIA data

  • Brent JUL 22 up 0.5% at 114.18$/bbl, WTI JUL 22 up 0.6% at 110.44$/bbl, Gasoil JUN 22 up 1.4% at 1109$/mt
  • Headline draws in crude and Cushing as crude exports remain high as production once again unchanged
  • Distillate build after increase in imports
  • Draw in gasoline stocks but implied gasoline demand falls
  • Refinery utilization increase again with Gulf Coast up to 97.4% ad East Coast at 97%.

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