Weekly oil inventories from the US EIA

  • Prior crude -7195K
  • Gasoline -4839K vs +550K exp
  • Distillates +287K vs +287K
  • Cushing +2206K vs -263K prior

The numbers from API released late yesterday:

  • Crude +2000K
  • Gasoline -1800K
  • Distillates -850K

The kneejerk in crude was about 25-cents lower but it's rebounded quickly.