API vs EIA.....Good bit of info from July....Just in case some of you decide to form a solid "invasive" argument why oil hasn't dropped on the API release yesterday....Short term memory for some....
Crude Oil Market: API Data and EIA Data Consensus Diverge
By Gordon Kristopher • Jul 22, 2015 8:01 am EDT
API stockpile report
On Tuesday, July 21, 2015, the API (American Petroleum Institute) published the weekly crude oil inventory report. The API report showcased that crude oil stocks rose by 2.3 MMbbls (million barrels) for the week ending July 17, 2015. In contrast, crude oil inventories fell by 7.3 MMbbls for the week ending July 10, 2015.