Weekly energy inventory and production data

  • Prior +5889K
  • Cushing +703K
  • Gasoline inventories -2125K vs -2125K expected
  • Distillates -5693K vs -1950K expected
  • Refinery utilization +5.5% vs +5.0% exp
  • Production 9.51 mbpd vs 9.353 mbpd, up 1.7% w/w

The analysts nailed the gasoline draw, that never happens. With the bump in production, crude is back to pre-Harvey output levels.