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Private oil survey data shows larger than expected draw for the headline crude number

The inventory data from the private survey is out now, official data (usually) comes out on Wednesday morning (US time), but this week due to the holiday Monday it'll be Thursday morning.more to come--Expectations I had seen centred on:Headline crude -2.1 mn barrelsDistillates +0.2 mn bblsGasoline -1 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 U... Read More

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Larger

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Posted: Sep 6 2023, 20:35

Author Name: forexlive

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