• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 1 hour U.S. Presidential Elections Status - Electoral Votes
  • 2 days Locked Thread on the election
  • 8 mins Mail IN Ballot Fraud
  • 18 hours Michael Moore Cranking Up Planet of the Humans Again
  • 18 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 12 hours Censorship in USA
  • 2 days British PM Eyes Banning Gasoline and Diesel Car Sales
  • 2 days “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 2 days San Francisco Imposes Natural Gas Ban
ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

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.

CrudeInventoryChange

This is the fastest inventory build EVER...

8WeekChange

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

APIDOE

Unambiguously good still?

By Zerohedge

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News