Private oil survey of inventories data shows much bigger headline crude draw than expected ...Middle East

The inventory data from the private survey is out now, official data follows Thursday morning (US time).--Expectations I had seen centred on:Headline crude -3.7mn barrelsDistillates +0.6 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 previou

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