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Home > Crude Plunges On Biggest Weekly Inventory Build In 14 Years

Crude Plunges On Biggest Weekly Inventory Build In 14 Years

By Tyler Durden
Created 03/04/2015 - 10:35
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 03/04/2015 10:35 -0500



 

So much for last night's lower than expected API build, DOE data shows a massive build compared to the 3.95 mm barrels expected:

  • *CRUDE OIL INVENTORIES ROSE 10.30 MLN BARRELS, EIA SAYS

This is the 8th build in a row and biggest weekly inventory rise in 14 years.

 

[4]

 

This is the fastest inventory build EVER...

[5]

 

and WTI has broken back below $50...

[6]

 

Unambiguously good still?

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-03-04/crude-plunges-biggest-weekly-inventory-build-14-years

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/taxonomy_vtn/term/9127
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/03/20150304_crude1.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/03/20150304_crude3.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/03/20150304_crude2.jpg