oil pumpjack collage
  • Prior was -2795K
  • Gasoline +5219K vs +609K exp
  • Distillates +4230K vs +1018K exp

Nice headline but huge builds in products.

API data from late yesterday:

  • Crude -3300K
  • Gasoline +4700K
  • Distllates +760K

Oil dropped on the latest headlines but quickly rebounded. It's up around 40 cents today.

Source: Forex Live