American Petroleum Institute (API) crude oil inventory data

  • Oil inventory build of 2.4mln barrels for the week
  • Cushing up 715K
  • Gasoline up 3.1 mln barrels
  • Distillate +1.69 mln barrels


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 a stock build of 3012.5K barrels (i.e. an adding to inventory)