After last week's smaller than expected API and DOE inventories data (which was merely average when considering the massive build from the prior week), it appears the machines have realized that everything is not awesome again in the crude complex. For the 15th week in a row, invenrtories rose - this time by more than expected at 5.5mm bbl (against a 2.5mm bbl expectation). Crude prices are slipping lower...
15th weekly build in a row...
[3]
The reaction is clear...
[4]
Bear in mind that this latest rip was all predicated on the API report from last week (confirmed by the DOE report)...
[5]
