Title : Wednesday, February 21, 2018 -- API Reports A Million-Bbl Draw In Weekly US Crude Oil Inventories
link : Wednesday, February 21, 2018 -- API Reports A Million-Bbl Draw In Weekly US Crude Oil Inventories
Wednesday, February 21, 2018 -- API Reports A Million-Bbl Draw In Weekly US Crude Oil Inventories
Re-posting the data. My earlier post was in error regarding the API forecast. It's been corrected.Because of the holiday on Monday, the API data was released today. API forecast a 1.300-million-bbl build. The actual number: interesting -- not a build at all, but a decrease - API has the weekly crude oil inventory number dropping 0.907 million; in other words, down about a million bbls.
WTI: $61.10 just as the API number hit the internet, 4:30 ET. Five minutes later, $61.12 -- in other words, no impact.
The EIA weekly petroleum report that usually comes out Wednesday will be delayed a day, to be released Thursday.
I use the EIA data, not API data, for calculating "re-balancing" time frame.
Thus Article Wednesday, February 21, 2018 -- API Reports A Million-Bbl Draw In Weekly US Crude Oil Inventories
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