After tumbling last night following API's surprise builds, WTI/RBOB levitated on a weak dollar into the DOE print but initialy kneejerked lower on the data which showed a smaller than expected crude draw and confirmed another significant gasoline build. After a small drop last week, crude production rose once again to cycle highs.



  • Crude +2.75mm (-2.45mm exp)
  • Cushing -833k
  • Gasoline +1.794mm (-1.15mm exp)
  • Distillates -1.451mm


  • Crude -1.66mm (-2.45mm exp)
  • Cushing -1.156mm (-1.4mm exp)
  • Gasoline +2.096mm (-1.15mm exp)
  • Distillates +328k (+550k exp)

Last night's surprisse build in crude was not confirmed (but the DOE data showed a smaller than expected draw). Howver, Gasoline inventories rose once again…


After a modest drop in production in the Lower 48 last week, US crude production rose once again this week to its cycle highs…


Last week's surprising drop in gasoline demand


WTI/RBOB prices rallied into the print this morning on the back of a dramatically weaker dollar but once the data printed, selling began…

Facebook Comments