Prior was +2415KGasoline +1458K vs -243K expectedDistillates +4715K vs +35K expectedRefinery utilization +0.6% vs -0.6% expected
WTI crude oil was up 68-cents ahead of this report to $63.32 but numbers like this are certainly a headwind. I’m increasingly bearish on oil.
The private report from late yesterday showed:
Crude +1250KGasoline +329KDistillates +1500K
This article was written by Adam Button at investinglive.com.