Stockpile data for oil via API's weekly survey

  • Crude build 2.35 mln barrels
  • Cushing draw 1.03 mln barrels
  • Gasoline -1.48 mln barrels
  • Distillate -1.15mln bbls

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

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ICYMI, plenty of oil news today:

  • Oil rebounds $1.25 from the lows on OPEC chatter
  • Saudi Arabia considering backing ceiling on crude output - DJ
  • Saudi Arabia looking to mend fences at OPEC meeting
  • More talk of OPEC reintroducing output ceiling
  • UAE oil minister says he hasn't heard about an OPEC output target plan
  • Iran oil output to hit 4 million bpd 'very soon' - oil minister. Says quotas unlikely