"Oil - American Petroleum Institute (API) data - Inventory build of 2.6mln barrels"

The futures are up 1% from Tuesday's settle of $38.28, at $38.68, not as big a pop as one might expect for that big a miss, although Platts had only forecast 2mm Bbl..
Here's a quick hit from foreXlive:

• Oil inventory build of 2.6 mln barrels

• Cushing draw of 319K barrels
• Gasoline -1.94 mln bbls
• Distillate -95K bbls

The survey expectations for the headline number was a build of 3.2mln barrels, so the 2.6mln (2.642mln to be more precise) bbls result is below expectations...

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