API Crude Inventories

At 21:30 GMT on Tuesday March 6th 2012 (16:30 EST) the API Inventory figures were released for Crude, Distillates and Gasoline. No estimates on this one but it does give a heads up on tomorrows DOE Inventory release. There were builds on Crude and Distillates, however a Draw on Gasoline and thus quite mixed.

here is the data:

API U.S. Crude Oil Inventories
Actual: +4583k Prior: +521k

API U.S. Distillate Inventory
Actual: +924k Prior: -3311k

API U.S. Gasoline Inventories
Actual: -2252k Prior: -916k

API Cushing Crude OK Inventory
Actual: +2377k Prior: +1639k

This data is released during a quiet time after the market close so there is not that much volume around. The Crude oil future did drop on this Build, which is usually bearish, however this drop did not last long and soon after the price came back to pre-release. This is minor release which sometimes works for 20-30 ticks but without estimates and the release time can vary by a minute or two.

Here is the 1 minute chart of the active front month Crude oil future contract: