WTI/RBOB Soar After Huge Surprise Crude Draw (Despite Production Surge)

Despite Russia production-cut roll-back headlines, WTI/RBOB prices are unchanged from the huge, bearish surprise API-reported inventory surge. However, for the 2nd week in a row, DOE data was entirely opposite and showed a big crude and gasoline draw. Markets ignored the 100k b/d surge in production...

  • Jun 13, 2018 10:38 AM
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WTI/RBOB Jump After Surprise Crude Draw

WTI rolled over (but RBOB rallied) this morning ahead of the EIA data which showed the biggest (surprise) crude draw since March but the biggest (surprise) build in distilates since Feb. US crude production rose once again to a new record high.

  • May 31, 2018 11:08 AM
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