Weekly EIA oil inventory data
Prior was -1351K
Gasoline -740K vs -250K expected
Distillates +3566K vs +1000K expected
Production +0.9%
Production 10.9mbpd vs 10.8mpbd prior
Production up 14.7% y/y
The API numbers yesterday:
Crude +3660K
Gasoline -1560K
Distillates +1940K
Cushing +1670K
Not a pretty picture as WTI crude falls to a fresh low since June 22, down another 50-cents to $65.22.
