Weekly energy inventory and production data
- Prior +5889K
- Cushing +703K
- Gasoline inventories -2125K vs -2125K expected
- Distillates -5693K vs -1950K expected
- Refinery utilization +5.5% vs +5.0% exp
- Production 9.51 mbpd vs 9.353 mbpd, up 1.7% w/w
The analysts nailed the gasoline draw, that never happens. With the bump in production, crude is back to pre-Harvey output levels.