OIL - private inventory data shows bigger than expected draw 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.

  • Reuters polling has expectations for US crude inventories for a fall of around 4.2 million barrels (in the week to October 13)

As you can see, the headline draw is quite a lot more than polling suggested. WTI price has not done much though.

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