RE:API another net draw with the SPR -4.524mHi BSW, I know you have said in the past that API data doesnt include SPR release in its reporting. I usually get the data from oilprice.com and in their article this is what they state. Is this more of a wording situation to conflate the narrative? I tried to look into this to see if API includes the spr releases but couldnt really find the answer as to if and why. I guess just looking for clarity on the topic.
The American Petroleum Institute (API) reported a build this week for crude oil of 3.825 million barrels, while analysts predicted a draw of 1.1 million barrels. The build comes as the Department of Energy released 5.9 million barrels from the Strategic Petroleum Reserves in Week Ending July 1, to 492 million barrels—the lowest it's been since 1985