American Petroleum Institute (API) crude oil inventory data
- Oil inventory build of 2.4mln barrels for the week
- Cushing up 715K
- Gasoline up 3.1 mln barrels
- Distillate +1.69 mln barrels
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Note - 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) - The consensus estimate for tomorrow's EIA report is currently for a stock build of 3012.5K barrels (i.e. an adding to inventory)