Key Data Summary (Actual vs. Estimate vs. Prior)
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Crude Stock: -1.812M vs -2.310M est. (Prior +0.574M)
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Distillate Stock: +2.502M vs +1.943M est. (Prior +2.059M)
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Gasoline Stock: +6.397M vs +2.764M est. (Prior +4.518M)
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Crude Imports: +0.212M vs Prior -0.470M (no estimate)
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Refinery Utilization: +0.4% vs 0.3% est. (Prior +1.8%)
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Crude Cushing Stocks: +0.308M vs Prior -0.457M (no estimate)
Market Summary — Inventories vs. Expectations
This week’s EIA report showed a smaller-than-expected crude draw but the drawdown was less than the private data released late yesterday.
The major standout in the report today was higher than expected gasoline and distillate builds, both of which came in sharply above forecasts — a bearish signal for refined product demand
Crude oil inventories see a drawdown at -1.812 million versus -2.310 million estimate