What happened
US API distillate inventories for the week ending September 18 came in at -2.164 million barrels, according to data reported by Jinshi Data.
The reading compared with an expected decline of 459,000 barrels and a prior-week build of 1.607 million barrels.
Why it matters
The larger-than-expected draw suggests distillate supplies tightened more than analysts had anticipated during the period.
The swing from a prior-week build to a substantial decline marks a notable shift in the reported inventory trend.
Key facts
US API distillate inventories for the week ending September 18 were -2.164 million barrels.
The expected figure was -459,000 barrels.
The prior value was 1.607 million barrels.
The source of the data report is Jinshi Data.
What to watch next
Whether subsequent inventory data confirm the size of the distillate draw reported by the API.
How the reported swing from a build to a draw affects market expectations for distillate supply conditions.
