API crude oil inventories data:
This data is out to API subscribers at 4.30pm ET and released publicly at 4.35pm ET
- US weekly crude stocks: -1.5mln bbls
- Weekly crude stocks at Cushing -336,000 bbls
The API data is closely watched as its thought to give an idea of the EIA data due tomorrow morning (US time).
The EIA is expected to show an inventory build of +900k bbls (+1.91m prior)
Oil had a good move up on the data release to subscribers:
What do ForexLivtraders think of the release of market-moving data privately?
