Wow. Huge jump in refinery throughput to 16.971 million b/d.
EIA reported -12.4 million bbls for crude. SPR release was 9.1 million bbls. Commercial crude storage declined 3.3 million bbls. Larger than expected draw came from the sizable increase in throughput.
Gasoline declined 2.6 million bbls and distillate declined 2.1 million bbls.
Total oil inventory draw of 17.4 million bbls.
Let the BACD continue.