US weekly oil inventory and production data

  • Prior was 1895K
  • Gasoline +3599K vs +1800K exp
  • Distillates -459K vs 0K exp
  • Cushing -3642K vs -711K prior
  • Production +0.2% w/w
  • Production 10.271 mbpd vs 10.251mbpd prior

Private data from the API yesterday:

  • Oil +3947K
  • Cushing -2319K
  • Gasoline +4634K
  • Distillates +1100K

Crude quickly to $59.25 from $58.70 on the data but that production number might rain on the parade.

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