Big unexpected oil build
- Prior was -1071K
- Gasoline -1980K vs +2000K exp
- Distillates -1940K vs -700K
- Cushing -2224K vs -3150K
- Production +0.4% w/w to 9.919 mbpd
API inventories yesterday:
- Crude +3229K
- Gasoline +2692K
- Distillates -4096K
- Cushing -2383K
Oil dropped to $64.05 from $64.40 before the data.
Update: Crude back up to $64.40.