A look at oil stockpile (inventory) data ahead of the EIA report tomorrow crude

For the week ended November 13

A surprise draw on inventory; imports lower and output from refineries a little higher

  • Stocks fell 482,000 barrels
  • Cushing stocks up 1.3 mln barrels
  • Distillate down 1.5 million barrels

Oil prices popped a little in the 4.30pm release

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On this data from API ....

Its out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET

  • The API data is closely watched as a guide to the EIA data due Wednesday morning
  • The consensus estimate for the EIA report is currently for a stock build of 2265.18K bbls