Weekly US oil and gasoline inventory and production
- Prior was -5610K
- Gushing -3317K
- Gasoline +5664K
- Refinery utilization -0.4%
- Oil production +0.8% w/w to 9.780 mbpd (new record)
API numbers yesterday
WTI crude oil is up 12-cents to $57.26 in the aftermath of the data. The high US production numbers will surely irk OPEC.
