Weekly US oil inventory data
- Prior was +3672K
- Gasoline inventories -1906K vs -1250K expected
- Distillates inventories -304K vs -2000K expected
- Production 12.1 mbpd vs 12.0 mbpd prior (new record)
API data from late yesterday:
- Crude -4200K
- Gasoline -3800K
- Distillates +400K
The API numbers sparked today's rally in oil. These numbers have boosted WTI to $56.92 a 50-cent jump to a fresh session high.
