Following last night's API reported 4 million barrel inventory build (against 3.75mm bbl expectations) and Cushing draw, DOE confirms a build (but smaller, at 3.38 million barrels) and Cushing saw a draw of 785k barrels (th elargest in 4 weeks). Crude reactiopn was to extnd gains from the earlier knee-jerk and break back above $45, even as crude production rose. *CRUDE OIL INVENTORIES ROSE 3.38 MLN BARRELS, EIA SAYS *CUSHING CRUDE OIL INVENTORIES FELL 785,000 BBL, EIA SAYS And the reaction... On heavy volume... As you can see, the volume at 10:30 pales in comparison to 10am https://twitter.com/search?q=%24CL_F&src=ctag!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/search?q=%24BRN_F&src=ctag!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); pic.twitter.com/BwNK4TgjL8 — Eric Scott Hunsader (@nanexllc) https://twitter.com/nanexllc/status/659377735882657792!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Even as crude production ticked back up... (though mostly from Alaska) Charts: Bloomberg