A look at oil stockpile (inventory) data ahead of the EIA report tomorrow crude
For the week ended November 13
A surprise draw on inventory; imports lower and output from refineries a little higher
- Stocks fell 482,000 barrels
- Cushing stocks up 1.3 mln barrels
- Distillate down 1.5 million barrels
Oil prices popped a little in the 4.30pm release
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On this data from API ....
Its out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET
- The API data is closely watched as a guide to the EIA data due Wednesday morning
- The consensus estimate for the EIA report is currently for a stock build of 2265.18K bbls
