Tuesday, March 22, 2016

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):
  • 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.