US weekly energy inventory data coming up
The EIA report is due up next
WTI crude oil is down $1.14 to $52.13 today, largely because of another surprise build in the APi report. Analysts can't understand why there is so much oil coming into US inventories.
Here's what API reported late yesterday:
- Crude +4852K
- Cushing +2365K
- Gasoline +829K
- Distillates -3461K