Private oil survey data shows MUCH larger headline crude build than was expected ...Middle East

The inventory data from the private survey is out now. Via Twitter:more to come Expectations I had seen centred on:Headline crude +1.2mn barrelsDistillates -0.8 mn bblsGasoline -0.2 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 companiesThe official report is due Wednesday morning US time. The two reports are quite different. The official government data comes from the US Energy Information Administration (EIA):Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week's levels are both

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