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Home > API Reports Larger-Than-Expected Total Crude Inventory Build For 6th Consecutive Week, Cushing Draw

API Reports Larger-Than-Expected Total Crude Inventory Build For 6th Consecutive Week, Cushing Draw

By Tyler Durden
Created 11/03/2015 - 16:43
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 11/03/2015 16:43 -0500



 

For the sixth week in a row, API reports a larger than expected 2.8mm inventory build (though that is lower than the last few week's build). Cushing stocks, however, saw a 508k draw, easing some storage concerns. Crude oil prices remain confused for now having pumped and dumped to unch.

Sixth weekly build in a row...

[4]

 

Crude popped and dropped...

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-11-03/api-reports-larger-expected-total-crude-inventory-build-6th-consecutive-week-cushing

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