US Energy Information Administration data due Wednesday: 2.8 mn bbl build expected ...Middle East

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US Energy Information Administration data due Wednesday: 2.8 mn bbl build expected
The private survey results were a huge surprise draw:Private survey of oil inventories shows a huge headline crude draw vs the build expectedAnalysts are expecting a build in the official data:The US Energy Information Administration (EIA) will release its weekly report on Wednesday at 10.30 am US Eastern time.According to consensus estimates from a survey by The Wall Street Journal, analysts forecast the report will show an increase of 2.8 mn barrels in commercial crude oil stockpilesa fall of 1.8 mn barrels in gasoline inventoriesa decrease of 1.4 mn barrels in distillate stocks This article was written by Eamonn Sheridan at www.forexlive.com.

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