American Petroleum Institute (API) crude oil inventory data result for the week ended 18 December 2015
- US crude stock inventory fell last week, inventory down 3.6 million barrels
- Stocks at Cushing rose 1.5 million barrels
Note - The American Petroleum Institute data is out earlier to their subscribers (at 4.30pm ET) and released publicly at 4.35pm ET. You'll have noticed the price rise from 4.30pm on the big inventory build drop.
- 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 +1363.64K bbls