Heads up for oil traders: API data due at the bottom of the hour

US oil inventory data from the American Petroleum Institute is due at 4.30pm ET (2030GMT) ... and publicly available at 4.35pm (2035GMT)

The API data is closely watched as a guide to the official EIA inventory data due tomorrow morning (US time).

The 'expected' for the data from EIA tomorrow is for -1162.5K (i.e. a drawdown of 1162.5K barrels) for US Crude Oil Inventories.