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Title : API Weekly Crude Oil Draw -- February 5, 2019
link : API Weekly Crude Oil Draw -- February 5, 2019

API Weekly Crude Oil Draw -- February 5, 2019

From this link. A build of 2.514 million bbls. Note the "fake precision," again. 2,514,000 bbls. Around 450 million bbls in storage. Last week the API reported a build of 2.098 million bbls. More at oilprice.

4,000 / 450,000,000 = 0.000009 or 0.0009%.

4,000 bbls.

A DOT-111 tank car carries upwards of 35,000 gallons (830 bbls).

4,000 / 830 = 5 rail tank cars. Warren Buffett has that many BNSF oil tankers unaccounted for somewhere west of Omaha.

We'll see what the EIA data is tomorrow. Generally, EIA and API data do not agree all that closely.

http://bit.ly/2dZyQXu

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