[1]The initial euphoria over a small Cushing draw has not stopped [4] as the machines have run WTI crude up over $59, tagging all YTD stops and pushing the front-month to its highest since December 12th.
DOE data sparked the momo run...
[5]
Which has dragged it up to Dec 12th highs...
[6]
Which has seen the curve crushed...
[7]
and it seems today Trannies do not like high oil prices (for now)...
[8]
That should really help consumption in Q2..."unequiovocally good"
Charts: Bloomberg
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Links:
[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/10166
[4] http://www.zerohedge.com/news/2015-04-29/crude-spikes-after-first-cushing-inventory-draw-november
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04-overflow/20150429_oil2.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04-overflow/20150429_oil1.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04-overflow/20150429_oil4.jpg
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04-overflow/20150429_oil3.jpg
