Post Profile






WTI/RBOB Extend Losses On Biggest Gasoline Build In 11 Months, Record Crude Production

Following last night's API-reported huge product inventory builds, bulls were hoping DOE would rescue WTI/RBOB prices but it did not as the dat confirmed a huge crude draw and even bigger product build (gasoline's biggest weekly build since January). Adding to the pain, US crude production rose to another new record. A gasoline build is likely as “refineries have been running very high, so it’s pretty natural,” James Williams, president of energy researcher WTRG Economics, says, adding that investors will also look to see the magnitude of a potential drop at Cushing.
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 Extend Losses After Another Big Gasoline Inventory Build

Business & Finance : Zero Hedge

WTI and RBOB have trended lower since last week's inventory data hit and today's API inventory prints (showing a decent crude draw but a relatively large gasoline build - biggest since January compared to DOE data) sparked some more...

WTI/RBOB Tumble As US Crude Inventories Hit New Record High, Production Surges

Business & Finance : Zero Hedge

After API's surprise gasoline build (sending RBOB prices lower), DOE reported a draw (though smaller than expected) but crude saw the 8th weekly build in a row - pushing US crude inventories to a new record high. Production continue...

WTI/RBOB Sink After Surprise Gasoline Build, Crude Production Hits 20-Month Highs

Business & Finance : Zero Hedge

Following API's surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories. Crude inventories drew down for the 2nd week in a row. WTI prices slipped though as production ros...

WTI/RBOB Algos Confused As Crude Draws, Gasoline Builds, & Production Jumps Again

Business & Finance : Zero Hedge

WTI/RBOB held gains overnight following API's reported crude draw (despite the gasoline glut) but after DOE confirmed a 5th weekly crude draw and 6th weekly gasoline build, algos were confused with prices chaotic. Production hit a n...

Comments


Copyright © 2016 Regator, LLC