More on the huge oil inventory build

I posted the oil inventory data from the American Petroleum Institute a little earlier, here: API crude oil inventories up 5.5 million bbls

More from Reuters:

• On the stockpiles side, a Reuters survey showed that U.S. crude inventories likely rose for the 15th straight week, adding nearly 3 million barrels last week.
• The American Petroleum Institute, an industry group, meanwhile, said its own reading showed a stock build of 5.5 million barrels last week.
• Official stockpiles data will be issued on Wednesday by the government's Energy Information Administration.

Zero Hedge have their take on the data, here: Oil Drops After API Inventories Show Builds Accelerating Again