1) US Crude Inv falls 10.8mil BBL. ~500,000BBL below the 5yr mov avg.
2) Refining inputs remain seasonally low by ~1,000,000BBL/Day.
3) Gasoline Inv fall by 226,000BBL
Exxon's (XOM) Baytown ~600,000 BBL/Day refinery restart does not appear to have been added to refinery inputs as yet. Current refining inputs are ~1mil BBL/Day below typical seasonal levels of 18.2mil BBL/Day Gasoline Inv fell by 226,000BBL and remain unusually below levels typically maintained during the summer driving season.
The single most important relationship in this data is the correlation beginning fall of 1997 of (West Texas