US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 9 Charts)
MAIN TAKEAWAY
Crude oil inventories declined slightly and are contrary to the build reported by the API yesterday.
No oil was released from the SPR last week.
Gasoline inventories declined to their lowest level since 2016 for this time of the year.
The “adjustment” hit an all-time high at 16.9 mb for the week. Data deterioration in the energy markets is getting worse.