The cut back I was referring to came from the EIA crude oil report that comes out every Wednesday at 1030 Eastern. Two weeks ago they reported the following:
"U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending September 25, 2015, 241,000 barrels per day less
than the previous week’s average."
This week the report said :
"U.S. crude oil refinery inputs averaged about 15.6 million barrels per day during the week ending October 2, 2015, 403,000 barrels per day less
than the previous week’s average."
Unfortunately, they went on to describe a 3.1 million barrel increase in the commercial oil inventory. This ended up being way more than expected and was the catalyst for driving the price of December crude down into the low $48 range.
Nice bounce back today to slightly over $50.