US weekly petroleum inventory report
- Prior was -2549K
- Gasoline +1745K vs +2814K expected
- Distillates -1185K vs +2250K expected
- Cushing -961K
- Production 13mbpd vs 13mbpd prior
Here were the API numbers released late yesterday:
- Crude +1570K
- Gasoline +4500K
- Distillates +3500K
- Cushing -429K
The kneejerk in oil has been higher to $55.28.
