Locator: 44739WTI.
WTI: flirting with $74 today. [Later: WTI just topped $74. Pre-market, trading at $74.18.]
API: huge draw yesterday.
EIA weekly petroleum report: link here.
- US crude oil in commercial storage dropped by a whopping 12.5 million bbls; at 455.2 million bbls in commercial storage, this is 3% below the five-year average;
- US imports averaged 5.9 million bopd; decreased by 1.010 million bopd; imports are averaging 3.9% less than same four-week period last year;
- US refiners operating at 91.7% of their operating capacity
- distillate fuel inventories decreased slightly and are now 18% below the five-year average
- jet fuel supplied was up 3.7%
WTI, after report released: up 1.73%; up $1.26; trading at $74.17; had trended to nearly $75, earlier.
Gasoline demand, link demand:
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