Results via oilprice.com on X:
Expectations ahead of the release that I could see was:
- Headline crude -2.4mln
- Distillates +0.5mn bbls
- Gasoline +1.0 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 from the EIA is due Wednesday morning US time.
The two reports are quite different.
This article was written by Arno V Venter at investinglive.com.