API crude oil inventories data for the week ended June 5:
Note - This data is out earlier to API subscribers (at 4.30pm ET) and released publicly at 4.35pm ET
The API data is closely watched as its thought to give an idea of the EIA data due tomorrow morning (US time).
The 'expected' for the data from EIA tomorrow is -1.273ml bbls for US Crude Oil Inventories
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- US weekly crude stocks off 6.7 mln bbls
- US weekly gasoline stocks off 3.9 mln bbls
- US weekly distillate stocks up 38,000 bbls
- US weekly crude imports off 357,000 bpd to 7.01 mln bpd
- US weekly refinery capacity utilization up 1.4 pct at 94.3%
- US eekly crude stocks at Cushing off 946,000 bbls
Oil higher on the release showing the bigger than expected draw
