US private oil inventory data shows sizeable builds in crude, gasoline and distillates

Data out:

• Crude +2480K
• Gasoline +3100K
• Distillates +2880K

Expectations for tomorrow’s EIA weekly report are:

• Crude -821K
• Gasoline +1468K
• Distillates +707K

This report is the private sector’s look at US oil inventories. It drops every Tuesday at 16:30 ET (delayed to Wednesday if Monday was a holiday). Unlike the EIA report (the government data that drops Wednesdays), the private numbers are voluntary. It comes from refineries, bulk terminals, and pipelines reporting to the trade association. Discrepancies happen but they often resolve over time.

This article was written by Adam Button at investinglive.com.