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CNBC Squawk Alley October 12, 2017

Good thursday morning, welcome to squawk alley. Carl quintanilla with john fortt, sara eisen, and Business Insider editor in chief henry blodget, guys, good morning to everybody. Got a news alert to start things off. Inventory is out on the oil complex. Lets get to jackie. Jackie good morning, carl. You can see crude prices are pairing losses, but still negative after this report, saying last week crude inventories fell 2. 7 million, so thats a little bit supportive, but on the flip side, gasoline inventories were up 2. 5 million, so sort of cancelling each other out there. The other thing i would note is u. S. Production was actually down weve been watching this steadily creep up. 9. 48 Million Barrels a day people are waiting for it to eclipse its peak of 9. 6 Million Barrels a day, so definitely a good sign were m ....

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