A private survey of oil inventories was released, pressuring WTI to pierce the trend line support after API data showed a much larger-than-expected build in U.S. crude inventories. Heating oil futures also fell in post-settlement trade after API data shows a larger-than-expected draw in U.S. distillate inventories.
- Platts were expecting crude stock build of around 1.9 million barrels.
- Reuters survey had an expected build around 400,000 barrels.
- Crude +7.29M.
- Cushing +1.1M
- Gasoline -391K
- Distillates: -3.1M