• Prior was -2332K
• Gasoline -1433K vs -369K exp
• Distillates -1318K vs +220K exp
• Refinery utilization -0.6% vs +0.2% expected

Private oil data released late yesterday:

• Crude -1455K
• Gasoline -1249K
• Distillates +1136K

WTI today traded to $65.93, which is the lowest since September. US production will be declining this year if prices stay at these levels.

This article was written by Adam Button at www.forexlive.com.