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Headline Crude Inventories a Larger Draw Than Forecast

COMMODITIES
  • Headline crude oil inventories a big draw at 5.0mln bbls vs. Exp. Draw of 1.1mln bbls
  • Gasoline inventories at a draw of 2.4mln bbls vs. Exp. Draw of 1.1mln bbls, while distillates a draw of 577k bbls vs. Exp. Draw of 982k bbls
  • Meanwhile refinery utilization at 0.30% vs. Exp. 0.39%

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