The inventory data from the private survey is out now, official data follows Wed. morning (US time).

The numbers via Twitter:

oil inventory gasoline distillate stocks 01 June 2023

The headline crude result was expected to be a draw of 1.22 million barrels.

Expectations I had seen centred on:

  • Headline crude -1.2 mn barrels
  • Distillates +0.9 mn bbls
  • Gasoline -0.5 mn

This data point is from a privately-conducted survey by the American Petroleum Institute (API):

  • It's a survey of oil storage facilities and companies

The official report is due Wednesday morning US time. The two reports are quite different. The official government data comes from the US Energy Information Administration (EIA):

oil barrel