US oil production pumpjack
  • Crude -2508K vs -543K exp
  • Gasoline -235K vs +537K exp
  • Distillates -45K vs +824K exp
  • Production 13.1mbpd vs 13.1 mbpd prior
  • Refinery utilization +1.9% vs +0.7% exp

Oil was trading at the lowest since February a short time before the report but was trading at $77.29 immediately before. Prices edged higher immediately after the numbers.

The private data late yesterday showed:

  • Crude -3104K
  • Gasoline -1269K
  • Distillates +349KJ
  • Cushing -601K