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Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013

By Tyler Durden
Created 07/29/2015 - 09:37
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/29/2015 09:37 -0500



 

Total US crude production slumped over 1.5% last week - the biggest decline since October 2013.

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Add to that a considerable inventory draw of over 4.2mm barrels (against expectations of a build)...

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and crude prices are surging.

[5]

 

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-07-29/crude-surges-after-surprise-inventory-draw-biggest-production-decline-2013

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