API crude oil inventories data for the week ended May 22: +1.3 mln bbls
Note - This data is out to API subscribers at 4.30pm ET and released publicly at 4.35pm ET
- US weekly crude stocks: bbls
- Weekly crude stocks at Cushing
The API data is closely watched as its thought to give an idea of the EIA data due tomorrow morning (US time). The consensus on the EIA release was a draw of 1.2m barrels so today's API number is a surprise and crude quickly fell 40-cents before recovering about half the decline.
-
Note also - the API numbers were delayed this week due to the holiday Monday
