Reuters is reporting MUCH different API survey results for oil inventories

Morgan Stanley Sees Slower Oil Stockpile Build and Keeps Brent Outlook at $65

Morgan Stanley expects OECD oil inventories to rise by no more than 165 million barrels over the next 12 months, maintaining its Brent crude forecast at $65. The firm said the pace of accumulation is easing, with Asian demand holding steady and fewer strategic reserves being filled than earlier in the year. The view stands in contrast to broader market concerns over mounting global inventories following recent OPEC+ production increases. But ana…

Morgan Stanley Unpicks Oil Market Riddle as Stockpiles Swell

Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to Morgan Stanley.

Reuters is reporting MUCH different API survey results for oil inventories

Order of magnitude differences