Why do we even post API data: It is inaccurate. EIA matters! Crude inventories fell by 679,000 barrels in the week to November 27 to 488 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.4 million-barrel drop.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 317,000 barrels in the last week, EIA said.