US DOE weekly crude inventories report 16 December 2015

  • Prior -3568k
  • Last nights API +2300k
  • Cushing 607k vs 500k exp. Prior 423k
  • Gasoline 1731k vs 1000k exp. Prior 786k
  • Distillate 2563k vs 2000k exp. Prior 4998k
  • Refinery utilisation -1.2% vs +0.8% exp. Prior -1.4%

Bigger than the API data yesterday and a big jump in inventories. That's kicked WTI down to $36 from around $36.70

US crude inventories