API: crude oil inventories: +1.8mln bbls

API crude oil inventories data for the week ended May 29: inventory build of 1.8 mln bbls

Note - This data is out to API subscribers at 4.30pm ET and released publicly at 4.35pm ET

The API data is closely watched as its thought to give an idea of the EIA data due tomorrow morning (10.30am US eastern summer time - that's 1430GMT).

The consensus on the EIA release is for a draw of 2.078m barrels.

Oil (WTI) off to around 61.00 as I update (from around 61.30 at the 4.30pm time)

More:

• Weekly crude stocks up 1.8 mln bbls
• Gasoline stocks up 1.6 mln bbls