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Oil - private survey of inventory shows headline crude oil draw vs build expected ...Middle East
The data is a day later than normal this week due to the US holiday on Monday. more to come--Expectations I had seen centred on:Headline crude +0.1 mn barrelsDistillates +0.2 mn bblsGasoline +0.6 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 level
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