EIA: Crude +5.85, Gasoline -2.66, Dist -1.7API reported a crude build as well yesterday, so no surprise to the market.
Exports understated, last week were overstated. Poor data quality, however taken together, still infers big draws.
Reported Production increase now includes it's own 'Adjustment Factor':
"This week’s domestic crude oil production estimate incorporates a re-benchmarking that increased estimated volumes by 417,000 barrels per day, which is about 3.3% of this week’s estimated production total." This is their model "discovering" 0.4 mm bopd. Weekly oil production figures jump to their highest since 2020, EIA data shows domestic production jumps to 12.6mbpd Weekly US crude production surged to the highest since March 2020, after gaining 400,000 b/d. This follows EIA’s latest update in its monthly STEO report, where it raised estimates for this year to a record high. The agency does typically adjust weekly estimates to align them to its findings in the monthly report. (BBG) EIA report in charts showing #crudeoil stocks in line with l/t average while gasoline and distillate stocks drop further, as implied demand (gasoline) recovered following recent weakness. Also note the pop in production and gyrating export figures. Price reaction so far: CL_f trades up 0.5% with RBOB and ULSD up more than 1% 
US NET IMPORTS OF CRUDE OIL ROSE LAST WEEK TO HIGHEST SINCE JAN 2022 - EIA EIA data, week ending 8/4 Crude oil: +5.9M Domestic prod: 12.6MMbpd SPR: +1.0M Cushing: +0.1M Gasoline: -2.7M Impld mogas demand: 9.30Mbpd Distillates: -1.7M Refiner utilz: 93.8% Total exports: 8.77MMbpd EIA data, week ending 8/4 - Crude oil: +5.9M Domestic prod: 12.6MMbpd SPR: +1.0M Cushing: +0.1M Gasoline: -2.7M Impld mogas demand: 9.30Mbpd Distillates: -1.7M Refiner utilz: 93.8% Total exports: MMbpd Adjustment: 207k
EIA (wk ending 4 Aug) Crude: 5.851M Cushing: 0.159M Gasoline: -2.661M Distillates: -1.706M