Wednesday, August 31, 2016

Crude Tumbles After Big Crude, Distillates Build

Front (Oct.) futures $44.98, down $1.37. Here's the last two week's price action:




FinViz
From ZeroHedge:

Having extended yesterday's losses on the back of API's unexpectedly large distillates inventory build,
DOE data confirmed an even bigger crude inventory build (+2.276mm vs
~1.3mm build exp.), which contrary to seasonal patterns was the second
build in a row, and 5 builds in the past

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