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Large Draw For Headline Crude Stocks Countered By Big Build in Gasoline

OIL

Weekly DoE data shows a far larger draw than expected for headline crude stocks: -4553k vs. Exp. -1620k

  • Another sizeable build for gasoline stocks, at +7961k vs. Exp. +2769K (albeit smaller than last week's significant build of +10,128k)
  • Larger build for distillates also, with refinery utilization ebbing to -1.40% (vs. Exp. -0.07%)
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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