Weekly oil supply and production data from the EIA
- Prior was +14420K
- Gasoline -2841K vs -1500K expected
- Distillates -1948K vs -2000K expected
- Refinery utilization +1.9% vs +0.45% expected
- Production +2.0%
API was said to report that US inventories rose 4400K last week so markets were likely expecting something around 3000K rather than the +2000k 'consensus'.