US weekly oil inventory data
- Prior was +1320K
- Gasoline -1745K vs -1100K expected
- Distillates -3013K vs -2000K expected
- Refinery utilization +0.70% vs +0.25% expected
- Production estimate unchanged at 11 mbpd
- Implied gasoline demand was up 2.8% w/w
API data released late yesterday:
- Crude -439K
- Gasoline -1986K
- Distillates -5137K
Oil prices ticked slightly higher on the kneejerk reaction, to $65.71 from $65.52 just beforehand.
