Weekly US oil inventories:
- Prior was -9589K
- Gasoline -2883K vs -3000K expected
- Distillates -2075K vs -1000K exp
- Refinery utilization -2.3% vs +0.5% exp
API numbers released on Tuesday:
- Crude +1930K
- Gasoline -3470K
- Distillates -4280K
- Cushing +688K
Oil ticked a few cents higher on the kneejerk but it's a small move. Last down 4-cents on the day to $60.01.