American Petroleum Institute (API) crude oil inventories rise 2.6 million bbls

Author: Eamonn Sheridan | Category: News

American Petroleum Institute (API) crude oil inventory data result, for the week ended November 20

  • US crude stocks up 2.6 million barrels .... A larger than was expected build in oil stockpiles
  • Stocks of crude at Cushing up 1.9 million barrels


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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

  • The API data is closely watched as a guide to the EIA data due Wednesday morning (US time).
  • The consensus estimate for the EIA report is currently for a stock build of 1195K bbls


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