Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

WTI Crude Jumps After API Reports Unexpected Inventory Draw

After 2 weeks of inventory builds (and production drops), API reports an unexpected 3.1 million barrel inventory draw (with Cushing drawing down 1.5mm bbl). Crude surged back above $45 on the news...

 

 

and the reaction...

Charts: Bloomberg