Weekly energy inventory data from the Department of Energy

  • Prior was +2840K
  • Gasoline +3866K vs +1500K expected
  • Distillates +1568K vs -500K expected

Late yesterday, the API released data showing higher stockpiles

  • Crude +5380K
  • Gasoline +2860K
  • Distillates +2270K

The bearish API numbers didn't hurt crude . WTI was up 37-cents to $53.18 ahead of the DOE report.

WTI quickly down to $53.04 after the data.

  • Production -0.5% w/w, down 46K barrels.
  • Production at 8.915 mbpd