Weekly crude oil inventories and production:
- Oil -3106K vs -1250K expected
- Gasoline -1692K vs +477K expected
- Distillates -551K vs +377K exp
- Refinery utilization +0.7% vs +0.34% exp
- Production 12.2mbpd vs 12.3 mbpd prior
API numbers released late yesterday:
- Crude -812K
- Cushing +519K
- Gasoline +1458K
- Distillates -50K
WTI has jumped into positive territory at $54.10 from $53.50 on the headlines.
