API expected to report another draw in oil inventories today

[Rodent + 1,424]

API is expected to report an inventory draw for oil today of 3.588 million bpd, but both API and EIA data have been increasingly hard to predict in recent weeks. 

Gasoline is again expected to build. If analysts are on the money, I don't think we'll see much of a price move. Any bets on today's report?

[Kate Turlington + 44]

Haven't been keeping up ... is there again a major disconnect between API and EIA data?

[Rodent + 1,424]

sometimes there is a disconnect, sometimes not. But usually I see a timing difference between EIA and API. I'm not sure the figures are super reliable anyway, though. often there is a huge draw or build, then the next week it is offset. I mean, it's still the best data available today. And it still moves markets. The important part isn't whether it's accurate or not, it's whether the perception is that it's accurate. .