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Oil - American Petroleum Institute (API) data +8796K vs +3250K expected

Weekly oil inventory data from the American Petroleum Institute (API):

  • Prior was +1500K
  • Oil inventory build of 8796K barrels for the week
  • Gasoline -4302K vs -1900K expected
  • Distillates -391K vs -750K exp
  • Cushing -1370K

The big gasoline draw takes a bit of the shine off the massive oil build.

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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