US weekly oil inventories -4985K vs +2150K expected

Weekly US petroleum inventory data:

  • Prior was -745K
  • Cushing -5587K
  • Gasoline +2830K
  • Distillates +3832K
  • Production estimate 11.5 mbpd vs 11.6 mbpd
API data from yesterday:

  • Crude -4800K
  • Cushing -5000K
  • Gasoline -651K
  • Distillates +5100K