Weekly oil inventory data

  • Prior was 5987K
  • Gasoline -2016K vs +1000K expected
  • Distillate inventories -827K vs -1400K expected
  • Refinery utilization flat vs -0.50% exp
  • Production 10.9 mbpd vs 11.2 mbpd prior

Here was the API data released late yesterday.

WTI quickly down to a session low, off $1.80 to $70.16.