Oil - American Petroleum Institute (API) inventory data: BUILD of 2.35 million barrels

Stockpile data for oil via API's weekly survey

• Crude build 2.35 mln barrels
• Cushing draw 1.03 mln barrels
• Gasoline -1.48 mln barrels
• Distillate -1.15mln bbls

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Note - The American Petroleum Institute data is out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET.

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ICYMI, plenty of oil news today:

• Oil rebounds $1.25 from the lows on OPEC chatter
• Saudi Arabia considering backing ceiling on crude output - DJ
• Saudi Arabia looking to mend fences at OPEC meeting
• More talk of OPEC reintroducing output ceiling
• UAE oil minister says he hasn't heard about an OPEC output target plan
• Iran oil output to hit 4 million bpd 'very soon' - oil minister. Says quotas unlikely