Weekly US oil inventories data from the Energy Information Administration: • Prior was +8383K • Gasoline inventories +5938K vs +2500K exp • Prior gasoline inventories +3464K • Distillate inventories -777 vs -1500K exp • Prior distillate inventories -4057K • Inventories at Cushing +747K The API report showed US oil inventories up 3800K barrels and gasoline inventories +6600K barrels. Distillate inventories edged up 400K barrels. The relentless rise in US oil inventories is truly a sight to behold. I don't know where they're putting it any more. On top of that, the report showed US crude production up 0.4% ... (full story)