OIL - private inventory data reports smaller than expected build in US crude inventory

This is the private survey ahead of official oil stock data (U.S. Department of Energy's Energy Information Administration's (EIA) Crude Oil Inventories) due from the US on Wednesday morning.

Median consensus expectations were for a build in headline inventory of 2.7 million barrels last week (Reuters conduct a poll of analysts - its a voluntary poll and not everyone is asked, nor responds ... a cuppla caveats for ya!)

Zero Hedgers with the tweet on the result

More:

  • For the gasoline result its a it's a surprise build

Oil prices had been on the slide during the US session, back on their lows after this data.

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