Oil private survey of inventory showed headline crude draw of -2.4MLN vs -1.2MLN expected


Results via oilprice.com on X:

Expectations ahead of the release that I could see was:

  • Headline crude -0.3mn barrels
  • Distillates +0.7mn bbls
  • Gasoline -0.7 mn

This data point is from a privately-conducted survey by the American Petroleum Institute (API).

  • It’s a survey of oil storage facilities and companies
  • The official report from the EIA is due Wednesday morning US time.

The two reports are quite different.

This article was written by Arno V Venter at investinglive.com.



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