Private survey of oil inventories shows a huge headline crude draw vs the build expected ...Middle East

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The inventory data from the private survey is out now, official data follows Wednesday morning at 10.30 am US Eastern time.Via Twitter:--Expectations I had seen centred on:Headline crude +1.3 mn barrelsDistillates -0.2 mn bblsGasoline -1.9 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

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