XL - API bullish - if confirmed by DOE tomorrow

API reported crude inventories fell 4.3mb, relative to the DOE expectation for a build of 0.1mb on the week. Crude inventories at Cushing rose 0.7mb on the week, according to the API. API reported gasoline inventories fell 0.6mb, relative to the DOE expectation for a draw of 2.0mb on the week. API reported diesel inventories fell 0.8mb, relative to the DOE expectation for a draw of 1.4mb on the week. In total, API showed a draw of 5.7mb in oil and oil products on the week, relative to the DOE expectation for a 3.3mb draw. The API figures are bullish to DOE expectations (USO) (XLE)

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API bullish - if confirmed by DOE tomorrow