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Private oil survey data shows much larger headline crude draw than was expected

The inventory data from the private survey is out now, official data follows Wed. morning (US time).Via Twitter:--Expectations I had seen centred on:Headline crude -2.9mn barrelsDistillates +0.1 mn bblsGasoline -1.4 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 different. The official government data comes from t... Read More

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Posted: Aug 29 2023, 20:39

Author Name: forexlive

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