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Private oil survey data shows headline crude oil build vs. draw that was expected

The inventory data from the private survey is out now, official data follows Wed. morning (US time).The build is the largest seen since February of this year. More:Expectations I had seen centred on:Headline crude -0.9 mn barrelsDistillates -0.8 mn bblsGasoline -1.2 mn-This data point is from a privately-conducted survey by the American Petroleum Institute (API):It's a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time. The two reports are quite di... Read More

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Posted: May 9 2023, 20:36

Author Name: forexlive

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