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Surprises Across The Board In APIs


WTI and Brent sit ~$0.10 above their respective settlement levels at
typing, holding tight ranges in Asia-Pac hours.

  • Crude-specific news flow remains light, with the API inventory
    estimates providing the highlight during a relatively limited week to
    date. Reports pointed to a surprise, and indeed relatively large,
    drawdown in headline crude stocks, with a marginal build for
    gasoline and distillate stocks also noted, going against
    expectations of marginal drawdowns for both.
  • Weekly DoE inventory data headlines on Wednesday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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