US crude oil inventories for the week ending March 20:

  • Prior was +1954K
  • Gasoline -1537K vs -2000K exp
  • Distillates -678K vs -1600K exp
  • Cushing +858K
  • Production 13 mbpd vs 13.1 mbpd prior

API late yesterday:

  • Oil -421K
  • Gasoline -2622K
  • Distillates -3625K