$LPI $CPE $PVAC Last week the API report had a small oil draw but a net of +11.1 million barrels for oil related inventories. This weeks report has a large oil draw and a slight overall net build. Looking good! We'll see what the EIA as tomorrow.
API Weekly Inventory Summary
Oil: -5.8 million barrels
Gasoline: +1.9 million barrels
Distillates: +4.4 million barrels
TOTAL: +0.5 million barrels