Private survey of oil inventories shows huge headline draw ...Middle East

Via oilprice.com on Twitter:--Expectations I had seen centred on:Headline crude -2mn barrelsDistillates -0.2 mn bblsGasoline -0.5 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 report, the EIA report also provi

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