Oil - private survey of inventory shows headline crude oil build much larger than expected ...Middle East

Via oilprice.com:--Expectations I had seen (these are via Newsquawk, good folks there) centred on:Headline crude +1.4 mn barrelsDistillates -0.3 mn bblsGasoline -0.9 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 and variations from the previous week's levels are both provided by the API

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