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DOE Confirms Biggest Crude Inventory Build In Over 6 Months, Highest Seasonal Stocks On Record

While less than API's huge 9.3mm barrel build reported last night, DOE reported a 7.56mm barrel inventory build - the largest in over 6 months. This is the highest crude stock level seasonally on record. Crude prices dipped on the news but rallied back to pre-data levels - though are notably holding on to the losses from the API print.

 

Biggest crude build in 6 months...

 

remaining at the seasonally highest level of stocks on record...

 

And cruide is holding losses...