![US oil production pumpjack archigram](https://images.forexlive.com/images/US%20oil%20production%20pumpjack%20archigram_id_0a852dbe-7613-4965-b290-764b294308f0_size900.jpg)
- Prior was +1233K
- Gasoline +2566K vs +0.891K exp
- Distillates +881K vs +2147K
- Refinery utilization -0.4% vs -0.3% expected
These are bearish numbers and are weighing modestly on oil prices, which were up $1.20 ahead of the release. US crude imports were the highest since 2018 and that could help explain the miss.
Private numbers yesterday:
- Crude -2428K
- Gasoline -2549K
- Distillates +972K
Update: WTI now up just 54-cents.