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American Petroleum Institute (API) crude oil inventories rise 2.6 million bbls

American Petroleum Institute (API) crude oil inventory data result, for the week ended November 20

  • US crude stocks up 2.6 million barrels .... A larger than was expected build in oil stockpiles
  • Stocks of crude at Cushing up 1.9 million barrels

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Note - The American Petroleum Institute data is 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 (US time).
  • The consensus estimate for the EIA report is currently for a stock build of 1195K 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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