EIA oil inventories
The API data yesterday showed a large build so the number isn't a big surprise. WIT fell 60 cents but nearly instantly recovered.
The more bullish side of the equation is gasoline, where stocks were down 3.1 million barrels, more than the 1.6m draw in the API data. A refinery strike may be the issue there. Distillate stocks were also down 2.7m barrels.
