WTI/RBOB Drop After Surprise Crude Build
5/15/2018 5:08 PM EST
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After clinging to the green all day, despite a strong dollar, WTI/RBOB slipped into the red after API reported a much bigger than expected (and surprise) crude build (+4.854mm vs -1.75mm exp).
After drawing down last week, expectations were for crude draw this week but API reported a large surprise crude build...
Crude - Inventories - % - Norm - Stockpiles
Crude inventories are 2.4% below the five-year norm, while Cushing stockpiles are about 30.5% below the average.
WTI/RBOB managed gains today (RBOB highest since Oct 2014) - despite...
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