This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Just the headline number at this stage, via Twitter:
- there was a 800,000 barrel release from the US SPR
More to come - I'll post the gas and distillates ASAP
Here we go:
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Oil price is sliding on the data release, which is not surprising.
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Expectations I had seen centred on:
Headline crude -2.2 mn barrels
Distillates -0.5 mn bbls
Gasoline +1.2 mn
