Weekly energy inventory and production data

  • Prior was -4727
  • Gasoline -1015K vs -1800K exp
  • Distillates -1852K vs -500K exp
  • Cushing -1699K vs -23K prior

API yesterday:

  • Crude -10200K
  • Gasoline +1900K
  • Distillates -111K

The crude draw isn't as large as the API reported yesterday but gasoline and distillates were larger. On net, the report has boosted WTI by 30-cents to $48.48.

  • Production 9.410 mbpd vs 9.429 mbpd prior
  • Production -0.2% w/w
  • Production +10.5% y/y