Private survey of oil inventories shows larger headline crude draw than expected ...Middle East

Via Twitter:--Expectations I had seen centred on:Headline crude -1.1mn barrelsDistillates -1.2 mn bblsGasoline -1 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 provides statistics o

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Private survey of oil inventories shows larger headline crude draw than expected ...Middle East

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