Weekly oil inventory data from the Department of Energy
- Prior was +564K
- Gasoline -546K vs -1500K exp
- Distillates -925K vs -1000K exp
- Cushing +495K vs -400K exp
- Refinery utilization +1.7% vs +0.15% exp
- Production up 0.3% to 9.032mbpd
API data released yesterday showed crude +2500K, gasoline up 1840K and distillates down 3730K, according to reports.
Oil ticked higher on the headlines, hitting a session high of $54.44.
