Published on Zero Hedge (http://www.zerohedge.com)

Home > Crude Tumbles After API Reports Surprisingly Large Inventory Build

Crude Tumbles After API Reports Surprisingly Large Inventory Build

By Tyler Durden
Created 09/29/2015 - 15:36
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/29/2015 15:36 -0500



 

After 2 weeks of solid drawdowns, API reports a huge 4.6 million barrel inventory build last week - the 2nd biggest weekly build in over 5 months. Crude prices are dropping on the news...

 

[3]

And as expected crude tumbled...

[4]

 

Charts: Bloomberg

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2015-09-29/crude-tumbles-after-api-reports-surprisingly-large-inventory-build

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150929_API2_1.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150929_API1.jpg