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Crude oil inventory data shows a surprise draw of -3.096mm vs +2.3mm exp (oil higher)

Ahead of tomorrow's official data, a private survey of inventories had shown a surprise draw in crude oil inventory.​​​​​​​

  • Reuters poll of analysts had the median estimate at a build (headline inventory) of 1.9 million barrels. 
  • Platts survey had the expected build at 1.8 million barrels.

Zero Hedge has these figures:


 

United States API Weekly Crude Oil Stock down to -3.096M in April 12 from previous 4.091M

United States API Weekly Crude Oil Stock down to -3.096M in April 12 from previous 4.091M
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Wall Street benchmarks reaching for blue skies; DJIA stochastics are overbought

We saw slight gains in benchmarks on Wall Street with an advance in the financial sector and despite yesterday's less than impressive results from top
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