RE:APIdude that's a MEANINGLESS STATEMENT when you post only one of the 3 components (plus argueably a 4th-inventories at Cushing and maybe even a 5th - changes for the SPR) as they ALL have an influence on oil pricing in overnite/tomorrows trading leading up to the EIA numbers in the morning...here's the full API report..see below..dwdc
Crude oil inventories in the United States fell this week by 6.674 million barrels. Gasoline inventories saw another large build this week, rising by 7.183 million barrels. Distillate inventories fell this week by 245,000 barrels.
Cushing inventories fell by 2.031 million barrels. Lastly, Strategic Petroleum Reserve (SPR) rose by 0.9 million barrels