US EIA crude oil inventories data w/e 22 January 2016

  • Prior +3979k
  • Last night's API +11400k
  • Cushing -771k vs -130k exp. Prior +191k
  • Gasoline +3464k vs +500k exp. Prior +4563k
  • Distillates -4057k vs -2200k exp. Prior -1025k

WTI moves a tad higher as the market was probably leaning a lot further towards the API numbers. It's spiked to 31.10 but is back down to 30.80.

EIA oil inventories