Oil pumpjack fire
  • Prior was +6165K
  • Gasoline -1600K vs -1513K exp
  • Distillates -3544K vs +264K exp
  • Refinery utilization +0.7% vs +0.5% expected

Private inventories from the API late yesterday:

  • Crude -1057K
  • Gasoline +207K
  • Distillates -1844K

It has been a rough stretch for oil on global growth concerns. WTI crude oil was down $2.73 to $56.85 ahead of this data but ticked up on the headlines.

Source: Forex Live