American Petroleum Institute (API) crude oil inventories rise 2.3 mln bbls

Author: Eamonn Sheridan | Category: News

American Petroleum Institute (API) crude oil inventories data

  • Crude inventories up  by 2.3 mln barrels for the week (ended December 11)
  • Crude inventory at Cushing rose 874,000 barrels

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

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