Reuters is reporting MUCH different API survey results for oil inventories:
- U.S. crude, distillate and gasoline
stocks rose last week, market sources said, citing American
Petroleum Institute figures on Tuesday. - Crude stocks rose by 839,000 barrels in the week ended July
11, the sources said on condition of anonymity. - Gasoline
inventories rose by 1.93 million barrels and distillate stocks
rose by 828,000 barrels, they said.
These numbers VERY, VERY, VERY different to what Twitter is reporting:
This article was written by Eamonn Sheridan at www.forexlive.com.