The weekly inventory report lit up the board, yesterday, with several outlier data points: Crude oil inventories fell a remarkable 10.6 million barrels; imports of crude oil fell to 6.8 million bpd, the lowest since 2000; production of distillate fuels rose to 5.3 million bpd; and refiners processed 16.1 million bpd, running at 92.7% of capacity, which was the highest since the EIA began tracking data in 1982. Gasoline inventories rose 6.7 million barrels, and they are 4.8 million barrels above the 5-year average.
Energy Overview — TotalView™ of the Energy Markets