American Petroleum Institute (API) crude oil inventories up 3.8 million bbls

American Petroleum Institute (API) crude oil inventory data result for the week ended January 29

• Crude inventories +3.8 mln barrels
• Crude stocks at Cushing +141Kbarrels
• Gasoline inventories +6.6m barrels
• Distillate up 400K barrels

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You all know this by now, but ...

• This data is out earlier to API subscribers (at 4.30pm ET) and released publicly at 4.35pm ET.
• The API data is closely watched as a guide to the U.S. Energy Information
  Administration (EIA) data due tomorrow morning (US time).