August 21, 2024 at 03:31PM
Prior was +1357K
Details:
Gasoline -1606K vs -933K expected
Distillates -3312K vs -215K expected
Refinery utilization +0.8% vs +0.3% expected
Production mbpd 13.4mbpd vs 13.3mbpd prior
API data late yesterday showed:
Crude +347K
Gasoline -1043K
Distillates -2247K
These numbers are bullish at the margin and oil was already bouncing back today after four days of losses.
This article was written by Adam Button at www.forexlive.com.