Weekly US oil inventory data
Prior was -2566K
Gasoline +1845K vs -1500K exp
Distillates +3119K vs +700K exp
Cushing +549K vs +58K prior
Production unchanged at 11.0mbpd
API yesterday
- Crude -1.17mm (-2.9mm exp)
- Cushing +613k (+600k exp)
- Gasoline +1.0mm
- Distillates +1.8mm
Oil a touch lower on the kneejerk.
