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Oil Plunges After Surprisingly Large Inventory Build

By: capt_nemo in POPE IV | Recommend this post (3)
Wed, 13 Apr 16 4:29 AM | 82 view(s)
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Following last week's 'biggest inventrory draw in 3 months', expctations were for a 1mm build this week, so when API reported a huge 6.2mm build. Perhaps slightly offsetting this surge is a 1.93mm draw at Cushing (after Genscape forecast a 1mm draw at Cushing this week and expectations were for a 800k draw). After a manic buying day in WTI, oil prices are plunging after hours...

brada1013567
brada1013567's picture

Oh no, now we need another rumor.

http://www.zerohedge.com/news/2016-04-12/oil-plunges-after-surprisingly-large-inventory-build

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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