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Oil - private survey of inventory shows a headline crude oil draw vs. build expected
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Via Twitter:--Expectations I had seen centred on:Headline crude +0.2 mn barrelsDistillates -0.5 mn bblsGasoline +0.2 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 the US Energy Information Administration (EIA)
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