US EIA crude oil inventories data w/e 22 January 2016
– Prior +3979k
– Last night’s API +11400k
– Cushing -771k vs -130k exp. Prior +191k
– Gasoline +3464k vs +500k exp. Prior +4563k
WTI moves a tad higher as the market was probably leaning a lot further towards the API numbers. It’s spiked to 31.10 but is back down to 30.80.