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.