API crude oil inventories: rise 2.3mln barrels

API crude oil inventories in the week to July 17

• Crude inventories rose by 2.3 million barrels
• Crude stocks at Cushing rose by 885,000 barrels

more to come

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Note - This data is out earlier to API 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 tomorrow morning (US time).

The 'expected' for the data from EIA tomorrow is -1450.00K bbls for US Crude Oil Inventories

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Oil price dipped on the 4.30pm announcement as inventory gained