Weekly US energy inventories and production

  • Prior was -7323K

  • Gasoline +2087K vs vs +2250K expected
  • Distillates -1475K vs +1850K expected
  • Production 11.6 mbpd vs prior production 11.7 mbpd

Yesterday's API data was way off:

  • Crude -10180K
  • Gasoline -2484K
  • Distillates +712K

The initial tick in oil isn't much of a move. It's hovering around $52.00 per barrel.