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• Prior was +5521K

• Gasoline -3658K vs -1160K exp
• Distillates -1915K vs -1600K exp
• Refinery utilization -1.8% vs +2.6% exp
• Manufacturing mbpd 13.3 mbpd vs 13.3 mbpd
• Impld mogas demand: 8.17 mbpd vs 8.81 mbpd prior

Personal oil inventories from late yesterday:

• Crude +8520K
• Gasoline -7230K
• Distillates -4016K
• Cushing +512K

Oil costs have initially shrugged this off, which is shocking. Final at $83.12, up 35-cents on the day. While you zoom out, US inventories are on monitor to finish winter beneath final yr’s ranges.

This text was written by Adam Button at www.forexlive.com.

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