Weekly US oil inventory and production figures
- Prior was -6861K
- Gasoline +3098K vs +2200K exp
- Distillates +639K vs -1100K exp
- Cushing -3150K vs -4184K prior
- Production +1.3% w/w
- Production at 9.878 mbpd vs 9.750 mbpd last week
API numbers yesterday:
- Crude +4755K
- Gasoline +4117K
- Distillates -1280K
- Cushing -3572K
Oil quickly up to $64.80 from $64.50 on the headlines but the rise in production could curb some of the enthusiasm.