EIA Tiny build: 0.6 mm bbls, Products: small drawsThe net imports exports change from last week led to an additional 1.5 mm bpd to this crude inventory report.
SPR was released as well as per the congressional mandated sale.
U.S. CRUDE OIL INVENTORIES IN STRATEGIC PETROLEUM RESERVE FALL TO LOWEST LAST WEEK SINCE NOV 1983 - EIA Canada -390 to 3590
Mexico -470 to 450
Saudi Arabia -138 to 376
Colombia +88 to 159
Iraq -104 to 241
Ecuador +162 to 242
Nigeria -66 to 236
Brazil -85 to 54
Libya +15 to 29
EIA EIA data, week ending 4/7 Crude oil: +0.6M Domestic prod: 12.3MMbpd SPR: -1.6M Cushing: -0.4M Gasoline: -0.3M Impld mogas demand: 8.94Mbpd Distillates: -0.6M Refiner utilz: 89.3% Total exports: 8.67MMbpd US implied oil demand (product supplied) fell by 1.544mbpd w/w to 19.055mbpd last week w/w changes in kbpd gasoline -359 jet fuel -169 distillate -477 residual fuel oil -248 propane/propylene -326 other oils +34 EIA EIA data, week ending 4/7 Crude oil: +0.6M Domestic prod: 12.3MMbpd SPR: -1.6M Cushing: -0.4M Gasoline: -0.3M Impld mogas demand: 8.94Mbpd Distillates: -0.6M Refiner utilz: 89.3% Total exports: 8.67MMbpd US petroleum (crude, refined products, SPR) inventories rose by 6.806mb w/w to 1,604.321mb last week - EIA