Crude Oil Inventories Fell 1.03 Mln Barrels Says EIA

The video discusses recent changes in oil inventories, including a decrease in crude oil and Cushing OK inventories, an unexpected rise in gasoline inventories, and a decline in distillate inventories. The report is seen as bullish for oil prices, with refinery utilization higher than expected. The market is reacting to these changes, and future production figures will be closely watched.

What does the overall report suggest about oil prices?

What was the refinery utilization percentage mentioned in the report?