WTI, RBOB Dump'n'Pump Despite Biggest Crude Build Since October, Record Gasoline Inventory

Tyler Durden's picture

Update: WTI and RBOB are now higher, because nothing but algos matter...

 

Now where have we seen this idiocy before...LAST WEEK!

And here's what happened next...

*  *  *

As we detailer earlier, DOE confirms API's major builds in Crude, Gasoline, and Distillates sending WTI and RBOB prices tumbling. US crude production declined in the last week but remain on an upward trajectory with rig counts as East Coast gasoline inventories hit an new all-time record high.

API

  • Crude +5.83mm (+3mm exp)
  • Cushing -906k (-700k exp)
  • Gasoline +2.86mm
  • Distillates+2.27mm

DOE

  • Crude +6.46mm (+3mm exp)
  • Cushing -1.25mm (-200k exp)
  • Gasoline +3.866mm (+1.5mm exp)
  • Distillates +1.4568mm (-500k exp)

The 5th weekly build in gasoline and the biggest build in crude since October...

  • *EAST COAST GASOLINE STOCKPILES RISE TO RECORD 73.54M BBL

 

Puttin the gasoline rise in context, we are again above the all time high range:

OPEC's good work in boosting the price through output restraint is being undone by surging inventories. Crude stockpile up more than twice as much as expected in Bloomberg's survey.

Production fell in the last week but the trend is clear...

 

and the reaction is a drop in both WTI and RBOB...

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flaminratzazz's picture

http://brilliantlightpower.com/

should kill crude stocks

we would still need oil, just not nearly as much..

if this unit comes online this year I am looking @ one question. it does run on silver, but does it destroy it and need constant replenishing?

If that is the case, being there is not a lot of silver above ground..

silver could easily surpass gold in value.

LawsofPhysics's picture

"we would still need oil, just not nearly as much.."

 

Really?  What is oil? Oil is in fact reduced hydrocarbons and consumable calories...

Now ask yourself ONE question; In a world with a population of over 7 BILLION people growing exponentially, do these things have any real value?

guess what motherfucker, it you want to eat or produce anything physical the answer is a resounding yes. Perhaps we should have let all those useless fucking paper-pushing criminals fail in 2008/2009 after all?!?!?!?

Turns out talking about "prices" in the absence of TRUE PRICE DISCOVERY is fucking moronic.

flaminratzazz's picture

grasshopper you have so much to learn about the human psyche.

We don't really care how many people starve. commit murder, die in wars, succumb to disease..as long as "I got mine"..

Face it, humans are animals.

8 billion might as well be 800

no one really fvkin cares.

Deathrips's picture

Top off the tanks before war....when war starts...who cares about the price.

they are still rolling the racket.

RIPS

LawsofPhysics's picture

Precisely my point. Evolve or die motherfucker.

shizzledizzle's picture

Made a bit of coin on USO when all the opec BS was going down. If it get's smashed much more I might buy in again.

AliSONY's picture
AliSONY (not verified) Feb 1, 2017 10:45 AM

ShepWave making more simply amazing market calls again

 

https://www.facebook.com/166578775325/photos/a.10153488951800326.1073741...

Traderone's picture

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encouraging you to subscribe to their Bullshit Signalling Service in

order to pay their bills. Simply put if they could trade they wouldn't

be here, they would be trading, DO NOT fall for this nonsense.

AliSONY's picture
AliSONY (not verified) Traderone Feb 1, 2017 10:54 AM

So you think all of these people are what?

 

You make no sense.

 

All you have to do is READ THEIR FREE CHARTS TO SEE FOR YOURSELF. THERE IS NO NEED TO BE JEALOUS BECAUSE YOU ARE LOSING

 

PROOF

 

https://www.facebook.com/166578775325/photos/a.10153488951800326.1073741...

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) AliSONY Feb 1, 2017 11:40 AM

Would someone PLEASE sign up for ShepWave's $39/month scam?  He really wants to move out of his Mom's basement but he lost all of his money using his daily "nailed it again," "time stamped," trading calls.  Since his trading calls lost everything for him he's trying to earn a living by spamming ZH for $39/month.


He registered the following spam accounts on ZH to promote his scam, giving himself thumbs ups, commenting between his spam accounts, pretending to be multiple people praising ScamWave. - 4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike, lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,  RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie, Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

AliSONY's picture
AliSONY (not verified) Traderone Feb 1, 2017 10:54 AM

So you think all of these people are what?

 

You make no sense.

 

All you have to do is READ THEIR FREE CHARTS TO SEE FOR YOURSELF. THERE IS NO NEED TO BE JEALOUS BECAUSE YOU ARE LOSING

 

PROOF

 

https://www.facebook.com/166578775325/photos/a.10153488951800326.1073741...

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) AliSONY Feb 1, 2017 11:41 AM

Would someone PLEASE sign up for ShepWave's $39/month scam?  He really wants to move out of his Mom's basement but he lost all of his money using his daily "nailed it again," "time stamped," trading calls.  Since his trading calls lost everything for him he's trying to earn a living by spamming ZH for $39/month.


He registered the following spam accounts on ZH to promote his scam, giving himself thumbs ups, commenting between his spam accounts, pretending to be multiple people praising ScamWave. - 4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike, lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,  RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie, Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

AliSONY's picture
AliSONY (not verified) Traderone Feb 1, 2017 10:54 AM

So you think all of these people are what?

 

You make no sense.

 

All you have to do is READ THEIR FREE CHARTS TO SEE FOR YOURSELF. THERE IS NO NEED TO BE JEALOUS BECAUSE YOU ARE LOSING

 

PROOF

 

https://www.facebook.com/166578775325/photos/a.10153488951800326.1073741...

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) AliSONY Feb 1, 2017 11:41 AM

Would someone PLEASE sign up for ShepWave's $39/month scam?  He really wants to move out of his Mom's basement but he lost all of his money using his daily "nailed it again," "time stamped," trading calls.  Since his trading calls lost everything for him he's trying to earn a living by spamming ZH for $39/month.


He registered the following spam accounts on ZH to promote his scam, giving himself thumbs ups, commenting between his spam accounts, pretending to be multiple people praising ScamWave. - 4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike, lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,  RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie, Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

AliSONY's picture
AliSONY (not verified) Traderone Feb 1, 2017 10:54 AM

So you think all of these people are what?

 

You make no sense.

 

All you have to do is READ THEIR FREE CHARTS TO SEE FOR YOURSELF. THERE IS NO NEED TO BE JEALOUS BECAUSE YOU ARE LOSING

 

PROOF

 

https://www.facebook.com/166578775325/photos/a.10153488951800326.1073741...

flaminratzazz's picture

wtf asshole- quit spamming you fvkbook shit

AliSONY's picture
AliSONY (not verified) Traderone Feb 1, 2017 10:57 AM

That is funny.

 

Like someone else said in here was that ShepWave was in cahoots with Goldman and the big banks to manipulate markets. They said that is how they keep making great calls

Traderone's picture

4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE,

FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike,

lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon

T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,

RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie,

Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

For the attention of Newbies or the Hard of Thinking: Those mentioned

above are failed traders who are now trying to make money by

encouraging you to subscribe to their Bullshit Signalling Service in

order to pay their bills. Simply put if they could trade they wouldn't

be here, they would be trading, DO NOT fall for this nonsense.

kooloil's picture

Guys, I'm afraid you just put the wrong data up.... 

Traderone's picture

4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE,

FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike,

lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon

T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,

RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie,

Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

For the attention of Newbies or the Hard of Thinking: Those mentioned

above are failed traders who are now trying to make money by

encouraging you to subscribe to their Bullshit Signalling Service in

order to pay their bills. Simply put if they could trade they wouldn't

be here, they would be trading, DO NOT fall for this nonsense.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Traderone Feb 1, 2017 11:39 AM

Would someone PLEASE sign up for ShepWave's $39/month scam?  He really wants to move out of his Mom's basement but he lost all of his money using his daily "nailed it again," "time stamped," trading calls.  Since his trading calls lost everything for him he's trying to earn a living by spamming ZH for $39/month.


He registered the following spam accounts on ZH to promote his scam, giving himself thumbs ups, commenting between his spam accounts, pretending to be multiple people praising ScamWave. - 4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike, lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,  RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie, Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

Lastline's picture

And the bitch won't die.. WHY WON'T YOU DIEEEEEEE!!!

AliSONY's picture
AliSONY (not verified) Feb 1, 2017 11:00 AM

ShepWave 

ShepWave Pre-Market / Intra Day Update for Wednesday. YOU JUST CAN'T MAKE THIS STUFF UP!
by ShepWave.com
Posted: 1/31/2017 17:27 EST

 

CAN'T MAKE THIS STUFF UP!

TIME TO TURN OFF THE CNBC!

Was that an Island Reversal we saw? So far it sure appears to be, huh? But remember, we are always watching for confirmation action and signals. 

The markets are beginning to heat up and volatility will be coming back in a good way for objective traders. The indexes will be providing many profitable opportunities that will be predictable; just as they have been. 

Remember how all of the talking heads were calling for a sell off if Trump won; or the mantra, "Sell the Inauguration"? Well they will continue to use emotion as a tool. But it never works. 

Log In at www.shepwave.com  for Wednesday's'Pre-Market / Intra Day ShepWave Update.

  

 

9:49 AM ET USA. Intra Day Update. NEW TRADE!

This morning's gap up open fits with our anticipated overthrow of the wedge pattern we indicated yesterday.

You just can't make this stuff up!

So, what now? Are the markets going to rally to the moon, to 50,000?  (That is my CNBC impersonation.)

Log In at http://www.shepwave.com/ for today's Intra Day ShepWave Updates and Trade Details.

 

 

10:12 AM ET USA. Intra Day Update. YOU JUST CAN'T MAKE THIS STUFF UP!

Well, there you have it. By viewing the wave patterns and chart patterns and using the basic principles taught from ShepWave (even regarding gap opens) we got into a short term aggressive trade in which the timing could not have been any more precise. 

AGAIN, YOU JUST CAN'T MAKE THIS STUFF UP!

Now, will we need to exit this trade today? What are the mid term implications of the technicals? Read notes and analysis closely in today's Updates.

Log In at www.shepwave.com for today's Intra Day ShepWave Updates and TRADE DETAILS.

 

Click Here  and Click Here to see recent time stamped charts with markets calls. These are periodically changed to show the wide range of vehicles that ShepWave covers.

BigFatUglyBubble's picture

Fuck off ShitWave.  Buy an ad.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) BigFatUglyBubble Feb 1, 2017 11:39 AM

Would someone PLEASE sign up for ShepWave's $39/month scam?  He really wants to move out of his Mom's basement but he lost all of his money using his daily "nailed it again," "time stamped," trading calls.  Since his trading calls lost everything for him he's trying to earn a living by spamming ZH for $39/month.


He registered the following spam accounts on ZH to promote his scam, giving himself thumbs ups, commenting between his spam accounts, pretending to be multiple people praising ScamWave. - 4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike, lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,  RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie, Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

Traderone's picture

4Xleverage, AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE,

FemDayTrader, FRLEPU, Irvingm, jasony, John Beau, KanSass, KC Spike,

lostinhedge, MadhyaBharatx, Marilee, MexInvest, MikeM54, Miss Lou, Mon

T, P Christmas Carole, Penny Trader, Pinky and the Brain, PUNE,

RoBERTAZ, RonnieM, RudolPHDs, Sonya B59, Stan Your Man, StevieTexie,

Timming, Van G, Virginia Wooolf, wisetrader224, and xantippa

For the attention of Newbies or the Hard of Thinking: Those mentioned

above are failed traders who are now trying to make money by

encouraging you to subscribe to their Bullshit Signalling Service in

order to pay their bills. Simply put if they could trade they wouldn't

be here, they would be trading, DO NOT fall for this nonsense.

7point3's picture

anyone have any commentary on why the builds keep building and the price wont move down?

flaminratzazz's picture

everything is rigged

e v e r y t h i n g

Lawofphysics explained it above, no true price discovery

Traderone's picture

Too many shorts in the market.  don't trade oil fella ,it's not worth the hassle plus there are far easier instruments to trade such as the ES.

RealistDuJour's picture

Because Zero et al hammered home over and over and over... and over again that it was about Cushing. Period.  Now it becomes the Voldemort of the oil bear team.  That which shall not be mentioned.  Is there even a single mention in this article (other than the API/EIA reports)...?

silverer's picture

Yeah! And they're not using the word "surprise" as much as they should. We love surprises.

sinbad2's picture

Because the US government via the banks, manipulates the futures prices.

What do you think Obama spent the 10 trillion on, fixing roads?

NaiLib's picture

It's all about keeping price up until ARAMCO is settled. After that ......

silverer's picture

I don't buy gas anymore. I lost interest.