OIL - private inventory data shows smaller than expected draw for US crude stocks

Official oil inventory data comes out from the US on Wednesday morning. This is a private survey.

The data is available only to subscribers to the private company but it does tend to leak out, with media outlets (MSM and social) picking it up a few minutes after it hits.

The Reuters survey showed an expected draw of 2.7mln barrles on the week.

There is a draw, its smaller than that.