Oil - American Petroleum Institute (API) data - Inventories fall 1.9 million bbls

American Petroleum Institute (API) crude oil inventory data, for the week ended December 4

• US crude stockpile falls 1.9 million barrels
• Cushing has a build of 614,000 barrels

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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 U.S. Energy Information
Administration (EIA) data due tomorrow morning (US time).

The consensus estimate for tomorrow's EIA report is currently for +600K barrels (i.e. an adding to inventory of 600,000 barrels) ... that might have to change ... :-D