API crude oil inventories
- US weekly refinery capacity utilization +0.4% at 91.5%
- Weekly crude stocks at Cushing +1.3mln bbls
- US weekly crude imports up 125,000 to 8.09mln bpd
- US weekly distillate stocks -566,000 bbls
- US weekly gasoline stocks -4.1mln bbls (a large drawdown .... driving picking up now the weather has turned?)
- US weekly crude stocks +2.6mln bbls
Note - data is released by API to its subscribers at half past. It comes out on the wires 5 minutes later.
The oil price jumped on the bottom of the hour in response to the data:
Earlier this week i posted the Top 12 media myths on oil prices - check it out!
