American Petroleum Institute (API) crude oil inventory data

  • Inventory build of 1.3mln barrels (1.265mln barrels to be more precise)
  • Cushing build of 382K barrels
  • Distillate draw of 2.6 mln barrels
  • Gasoline draw 1.2 mln barrels (1.17 mln to be more precise)

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Note -

  • This data is out earlier to API subscribers (at 4.30pm ET)
  • Its 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)