US energy inventory and production data from the Energy Information Administration

  • Prior was -2546K
  • Gasoline +911K vs -500K exp
  • Gasoline prior -232K
  • Distillates -214K vs +1254K exp
  • Prior distillates +4058K
  • Cushing +189K vs +100K exp
  • US production +0.1% w/w to 8.494 mbpd
  • Production -11.1% y/y

These numbers were virtually bang on with the private data reported yesterday.

Oil climbed ahead of the data but is back down below $45 afterwards. Gasoline is down to the lowest since early March as the glut continues.