Weekly oil inventory and production data from the EIA
- Prior was 2408K
- Gasoline -6271K vs -1100K exp
- Distillate -4360K vs -1700K exp
- Cushing +338K
- Refinery utilization +2.0% vs -0.3% exp
Production
- +0.1% w/w
- Production to 10.381 mbpd vs 10.369 mbpd prior
- Production up 14.0% y/y
API numbers yesterday:
- Crude +1156K
- Gasoline -1262K
- Distillates -4258K
- Cushing -156K
No big move from crude in the immediate aftermath as it chops in the $60.50 to $61.00 range.
