American Petroleum Institute (API) crude oil inventory data result

Build of 1.5 million bbls (vs. estimates of a 3.4ml build)

  • Cushing +471K
  • Gasoline draw of 1.2 mln barrels
  • Distillates draw 800K 830K


Note - The American Petroleum Institute data is out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET.


Oil price is higher on the smaller than expected build in stocks