Post Profile






WTI/RBOB Slide After Oil Production Surge Offsets Biggest Crude Draw Since Sept

Following last night's mixed mesage from API (crude draw, gasoline build), WTI prices have gone nowhere as all eyes focus on DOE data this morning. Confirming API's trend, crude saw its biggest draw since Sept 2016 but Gasoline, Distillates, and Cushing (most since March) saw builds which upset the machines and sent prices lower. Crude production rose once again to its highest since July 2015.
read more

share
See more about: WTI RBOB

Related Posts


WTI/RBOB Drop After Biggest Gasoline Build In 5 Months

Business & Finance : Zero Hedge

Following last week's biggest crude build since 2016, API reports another large crude draw (seemingly confirming refinery run rates remain high), but WTI/RBOB prices slipped lower on an unexpectedly large build in Gasoline (and Dist...

WTI/RBOB Sink As Production Surge Trumps Inventory Drawdowns

Business & Finance : Zero Hedge

API's surprise crude draw sparked a recovery off Saudi production lows overnight in WTI and RBOB, and DOE's data confirmed it with a 237k crude draw (against expectations for a 3.13mm build). Cushing saw the biggest build since the ...

WTI/RBOB Slide Despite Biggest Crude Draw Since 2016

Business & Finance : Zero Hedge

With oil surging back above $51 on hopes of a seasonal inventory drawdown, tonight's API data showed a bigger than expected draw in crude (biggest since 2016 and gasoline. The reaction was a kneejerk higher in WTI as RBOB slipped lo...

WTI/RBOB Jump On Largest Crude Draw In 2017 Offset By Major Product Build, Rising Production

Business & Finance : Zero Hedge

WTI/RBOB prices were at the lows of the day after last night's huge surprise inventory data from API, but kneejerked higher after DOE reported a surprisingly large crude draw (the biggest since Dec 2016. However, it's clear that ref...

WTI/RBOB Jump After Biggest Crude Inventory Draw Since 2016

Business & Finance : Zero Hedge

WTI and RBOB have rallied since last night's surprisingly large Crude draw (and gasoline build) reported by API, and DOE ata confirmed with inventory draws across the entire complex (including gasoline). WTIO and RBOB prices popped ...

Comments


Copyright © 2016 Regator, LLC