Market expectations were for a draw in stocks this week in the American Petroleum Institute data
Various sources though report a surprise build in inventory for the headline oil stocks, also builds in gasoline and distallates apparenty and reported build at Cushing.
The oil price behaviour confirms these surprises, WTI down immediately on the release of data to API subscribers and its dribbling lower still
Expectations were for:
Oil stocks -2.3 million, gas -0.2 mln and distilattes -0.2mln also. In fact its been a stock build in each of these
