Home API oil data shows larger that expected build in crude oil inventory

API oil data shows larger that expected build in crude oil inventory

Updated: 5 Mar. 2019 | 22:47

A private survey of oil inventories was released, pressuring WTI to pierce the trend line support after API data showed a much larger-than-expected build in U.S. crude inventories. Heating oil futures also fell in post-settlement trade after API data shows a larger-than-expected draw in U.S. distillate inventories.

Platts were expecting crude stock build of around 1.9 million barrels.
Reuters survey had an expected build around 400,000 barrels.

Crude +7.29M.
Cushing +1.1M
Gasoline -391K
Distillates: -3.1M

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