API oil inventory data out

API crude oil inventories data for the week ended May 29 is out - its released to API subscribers at 4.30pm ET and released publicly at 4.35pm ET

Oil a little lower - reports of an inventory build last week

We'll have the data to you as soon as its publicly available at 4.35pm.

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Why is API data watched? Its thought to give an idea of the EIA data due tomorrow morning (10.30am US eastern summer time - that's 1430GMT). The consensus 'expected' on the EIA release tomorrow is for a draw of 2.078m barrels.