• Prior was +7792K • Gasoline inventories +1258K vs +1000K exp • Prior gasoline inventories +5938K • Distillate inventories +1281K vs -1500K exp • Prior distillate inventories -777K • Inventories at Cushing +523K • Production down 0.3% w/w, down 0.4% y/y The API report showed US oil inventories up 2400K barrels and gasoline inventories +3100K barrels. Distillate inventories climbed 1690K barrels. Surprise draw in oil inventories, that's good news for oil and CAD. (full story)