- Yesterday, at 4:30pm EST, WTI crude oil futures tanked following bearish data from the American Petroleum Institute (API)
- API reported a huge oil storage build of 14.3 mln vs. the prior week which showed a build of 6.1 mln barrel, causing oil to initially fall to just above $51/barrel
- Separately, the weekly EIA storage data will be coming out today. It's scheduled to be released at 11am EST
