API crude oil inventories: draw of 1.9mln barrels

API crude oil inventories in the week to July 24

• Weekly crude stocks off 1.9 million bbls
• Weekly crude stocks at Cushing off 381K bbls
• Weekly distillate stocks up 4.3 mln bbls

Data from the American Petroleum Institute

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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 +134.00K bbls for US Crude Oil Inventories