Analyzing a Performance Chart
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A heads up for oil traders - API inventory data due at the bottom of the hour

US oil stockpile data from the American Petroleum Institute is due at 4.30pm ET (2030GMT) ... and publicly available at 4.35pm (2035GMT

  • The API data is closely watched as a guide to the official EIA inventory data due tomorrow morning (US time).
  • The 'expected' for the data from EIA tomorrow is +556.25K bbls for US Crude Oil Inventories.

The expected for the data I've seen from Reuters is for a build in inventory of 1.4mln barrels

From Genscape, the expected Cushing build is 822K barrels

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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