Weekly oil inventories and production
- Gasoline -3472K vs -2376K expected
- Distillates -2090K vs -2000K expected
- Refinery utilization +0.6% vs -0.25% expected
- Production +0.2%
- Production 10.433 mbpd vs 10.407 mbpd last week
Oil is down for the third consecutive day today but WTI jumped to $64.85 from $64.46 on the headlines because the API numbers had been so bearish.