OIL - private inventory data shows larger 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.

Oil had a bit of a pop in the minutes leading up to this private data release. Where is that 'eyebrows raised' emoticon? But maybe it was just the headlines of a US Navy ship firing warning shots at an Iranian patrol boat in the Persian Gulf?

Thanks to the ZeroHedgehogs for the tweet!

ps. as posted earlier - The Reuters poll had the consensus expectation for crude stocks to have fallen 3 million barrels in the latest week . As you can see, the draw is much bigger, more than 10 million barrels.

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