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Home > WTI Crude Slumps To $50 Handle On Larger-Than-Expected Inventory Build

WTI Crude Slumps To $50 Handle On Larger-Than-Expected Inventory Build

By Tyler Durden
Created 02/18/2015 - 16:41
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 02/18/2015 16:41 -0500



 

API released its crude oil inventory data to subscribers and it printed an enormous 14.3 million barrel build (EIA tomorrow forecast at 3 million barrel build). This has sparked further weakness in WTI (not helped by refinery strikes, refinery fires, and storage capacities), pushing it to a $50 handle...

 

WTI back with a $50 handle...

[5]

 

Breaking below yesterday's V-Shaped recovery lows...

[6]

 

One word - Stabiliteee.....

[7]

 

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Source URL: http://www.zerohedge.com/news/2015-02-18/wti-crude-slumps-50-handle-larger-expected-inventory-build

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