Weekly energy inventory and production data:
- Prior was -3116K
- Gasoline -226K vs -1421K expected
- Distilltes +613K vs -+895K expected
API data released late yesterday:
- Crude -10961K
- Cushing -448K
- Gasoline +4436K
- Distillates +1420K
This is a bullish report for oil. The drawdown is in-line with the API number but the gasoline data is more-bullish. WTI hit a session high of $57.58 on the headlines.
