Stockpiles fell 884,000 barrels last week according to an American Petroleum Institute report Wednesday, people familiar with the data said. That contrasted with analysts surveyed by Bloomberg who said supplies probably rose by 3.25 million barrels ahead of Energy Information Administration data Thursday.
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Oil Pares Fall After API Said to Report U.S. Crude Supply Drop
Stockpiles fell 884,000 barrels last week according to an American Petroleum Institute report Wednesday, people familiar with the data said. That contrasted with analysts surveyed by Bloomberg who said supplies probably rose by 3.25 million barrels ahead of Energy Information Administration data Thursday.