Weekly US oil inventories

  • Prior was -3248K
  • Gasoline -259K vs +2425K
  • Distllates +457K vs +1800K exp

API data from Wednesday:

  • Oil +2500K
  • gasoline +1100K
  • Distillates +800K
  • Cushing -4300K

That was a larger build in oil and prices have ticked lower but the product data is bullish. WTI last prices down 76-cents to $52.29.

Earlier today it looked like crude might be falling below its recent range but it perked back up after the Markit PMI.

oil chart