US energy inventory and production data from the EIA
- Prior was -12788K
- Gasoline -1583K vs -2400K expected
- Distillates +1408K vs -1250K expected
- Cushing +652K vs -1746K prior
- Refinery utilization 0.0% vs -0.3%
The API data released late yesterday:
- Crude -5000K
- Cushing +882K
- Gasoline -387K
- Distillates -1700K
Oil is down on the headlines to $56.49 from $56.90 beforehand. We get the Baker Hughes report a couple days early this week because of the US holiday.
