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American Petroleum Institute (API) crude oil inventories rise 2.3 mln bbls

American Petroleum Institute (API) crude oil inventories data

  • Crude inventories up by 2.3 mln barrels for the week (ended December 11)
  • Crude inventory at Cushing rose 874,000 barrels

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Its out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET

  • The API data is closely watched as a guide to the EIA data due Wednesday morning
  • The consensus estimate for the EIA report is currently for a stock build of 2265.18K bbls

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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