American Petroleum Institute (API) crude oil inventories up 9.3mln barrels

American Petroleum Institute (API) crude oil inventory data, for the week ended October 9

• Crude stocks up 9.3mln barrels
• Crude stocks at Cushing up 1.4 mln barrels

A much higher than expected build in inventory ... this will be a negative input for oil (book talkers ... flame away ;-) )

more to come

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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+2355.30K barrels (i.e. an inventory build) for US Crude Oil Inventories.