Crude Awakenings

The latest government figures show crude inventories rose 2.68 mln barrels vs. consensus estimate of 1.5 mln. Gasoline inventories surged by 3.82 mln vs. consensus estimate of a rise of 1.8 mln. The Distillates fell 2.65 mln barrels vs. the consensus estimate for a draw of 2.1 mln barrels. Crude continues to hold above $56/bbl.