Weekly oil inventories from the US EIA
- Prior crude -7195K
- Gasoline -4839K vs +550K exp
- Distillates +287K vs +287K
- Cushing +2206K vs -263K prior
The numbers from API released late yesterday:
- Crude +2000K
- Gasoline -1800K
- Distillates -850K
The kneejerk in crude was about 25-cents lower but it’s rebounded quickly.