WTI/RBOB Drop After Surprise Crude Build

Zero Hedge | 5/15/2018 | Staff
eymira (Posted by) Level 3
Click For Photo: https://www.zerohedge.com/sites/default/files/2018-05/2018-05-15_13-30-59.jpg

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...
(Excerpt) Read more at: Zero Hedge
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