Crude Down Following Biggest Weekly Inventory Rise In 14 Years

So much for last night's lower than expected API build, DOE data shows a massive build compared to the 3.95 mm barrels expected:

• *CRUDE OIL INVENTORIES ROSE 10.30 MLN BARRELS, EIA SAYS

This is the 8th build in a row and biggest weekly inventory rise in 14 years.

This is the fastest inventory build EVER...

and WTI has broken back below $50... Related: No Real Oil Price Relief Until Q3

Unambiguously good still?

By Zerohedge

More Top Reads From Oilprice.com:

• Here’s What Will Send Oil Prices Back Up Again
• Could Oil Prices Plummet A Second Time?
• Don’t Read Too Much Into The Rig Count