Post Profile






Oil Oscillates As Production Drops After Biggest Gasoline Build In 4 Months

Following the surprising across-the-board inventory draws report by API overnight, DOE confirmed crude's overall draw (-1.88mm bartrels vs +3mm exp). However, gasoline saw the biggest build in 4 months (as distillates saw the biggest draw in almost 2 months). Crude production dropped very modestly on the week but remains stuck around 8.5mm barrels. API Crude -752k (+3mm exp) Cushing -832k Gasoline -3.
read more

share

Related Posts


Despite Record Cushing Inventory, Oil Jumps To $38 On Biggest Gasoline Draw In A Year

Business & Finance : Zero Hedge

DOE's 3.88mm inventory build confirms API's print and is the 8th weekly rise in the last 9 for overall crude levels. Cushing also saw a build (690k) -- the 17th week of the last 18. But the market - for now - is focused on the 4.5mm...

Oil Spikes After DOE Reports Huge Inventory Draw, Production Drop

Business & Finance : Zero Hedge

Following Genscape and API's 1.4mm barrel build estimates at Cushing, DOE confirmed a 1.52mm build. However, API's 3.45mm build overnight was shockingly opposed by DOE's 3.41mm inventory draw - the 3rd biggest weekly draw of the yea...

Oil Slides After Unexpected Gasoline Inventory Build

Business & Finance : Zero Hedge

Following last week's surprise distillates build (and lower than expected crude draw) API reported inventories largely in line with expectations (-2.3mm vs -2mm exp. This nevertheless managed to pump and dump crude futures before dr...

WTI Crude Spikes After Major Crude Inventory Draw Trumps Production Increase

Business & Finance : Zero Hedge

Oil held gains overnight following API's surprise crude inventory draw, DOE data surprised even more with a massive 5.247mm draw (2.1mm build exp). Cushing saw the biggest draw in 6 months but we note that Gasoline inventories rose ...

Unexpected Gasoline Inventory Build, Production Rise Spark Crude Chaos

Business & Finance : Zero Hedge

Following last week's surprise Distillates build (and bounce in production) and API's overnight surprise Gasoline build, DOE data this morning was mixed confirming the 2.3mm draw in overall crude inventories (9th weekin a row) but s...

Comments


Copyright © 2016 Regator, LLC