Tuesday, 22 March 2016

Oil - American Petroleum Institute (API) Data - Inventory Build +8.796 Million Barrels

WTI $41.19 down 33 cents
From ForeXlive:

Weekly oil inventory data from the American Petroleum Institute (API):
Prior was +1500K


Oil inventory build of 8796K barrels for the week


Gasoline -4302K vs -1900K expected


Distillates -391K vs -750K exp


Cushing -1370K

The big gasoline draw takes a bit of the shine off the massive oil build.

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