WTI/RBOB Tumble - Erase 'Bullish' Inventory Data Gains

Tyler Durden's picture

The bulls got pretty much everything they could have hoped for - big inventory draws in all products and record high product demand - however, it appears it took the machines a little longer to read down the report and spot the fact that production soared to new cycle highs... and WTI/RBOB prices are tumbling...

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GatorMcClusky's picture

Wow. Never saw it coming.

knukles's picture

This is seriously fucked up, folks.
Welcome to AI.

You're gonna love "them" inside your skull.

OpTwoMistic's picture

Still paying 45  for  30 dollar oil.

Juggernaut x2's picture

The Fed won't let those bank loans to shale plays go bad

order66's picture

DOE inventory numbers are completely meaningless. The fact that people give them any significance anymore is laughable.

NoWayJose's picture

Happy to buy oil services stocks here. If the stock prices stay down, it means I get $2.00 gas. If gas prices go to $3, I get big time stock gains. I think the globalists are playing a game on oil prices, and will turn the UP switch on soon.