API reports a big draw from U.S. crude inventories - June 29
Posted: Tue Jun 29, 2021 6:52 pm
API just reported an 8.15 million barrels decline in U.S. crude oil inventories, including a 1.32 million barrel decline in Cushing, OK.
They reported builds of 2.42 million barrels in gasoline and 428,000 bbls in distillates.
We get the EIA numbers in the morning and we also get the monthly 941 report that should show a decline in U.S. oil production from March to April. Lots of traders are waiting on news from OPEC+.
They reported builds of 2.42 million barrels in gasoline and 428,000 bbls in distillates.
We get the EIA numbers in the morning and we also get the monthly 941 report that should show a decline in U.S. oil production from March to April. Lots of traders are waiting on news from OPEC+.