Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories
link : Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories

Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories

I'll be off the net in a few minutes. My afternoon driving begins: picking up the three granddaughters at different locations/different times between 3:45 p.m. and 4:45. Then Olivia to soccer practice and Arianna to water polo practice. I should be back on the net about 7:00 p.m. Depending on circumstances, I could short updates between 5:00 p.m. and 5:30 p.m.

Anyway, back to the matter at hand. When calculating the time it will take to "re-balance" I only use the EIA data that is released on Wednesday mornings at 10:30 a.m. Eastern time. But I do post the API data that is released at 3:30 p.m. Central time. The API data and the EIA data "never" seem to match; in fact, they never even seem to come close to each other's data. They are obviously measuring US crude oil inventories differently. Be that as it may, I find it interesting to check in on the API data.

The API data today:

• API last week revealed a huge increase in oil inventories, up 3.3 million bbls
• today, the API forecast a similar build-up of 3.5 million bbls
• in fact, the API reports a draw of 1.05 million bbls

What does this mean for the EIA number that will be released tomorrow? Beats me. As noted above, there seems to be no relationship between what the API reports and what the EIA reports.

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Thus Article Re-Balancing -- API Data -- February 6, 2018; API Forecast -- A Sizeable Increase; In Fact, A Small Decrease In US Crude Oil Inventories

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