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

  • This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Crude oil

Results via oilprice.com on X:

oil

Expectations ahead of the release that I could see was:

  • Headline crude -2.4mln
  • Distillates +0.5mn bbls
  • Gasoline +1.0 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.

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