zerohedge.com / by Tyler Durden / Oct 5, 2016 10:39 AM
Following last night’s surprisingly large draw from API (-7.6mm vs +1.5mm exp), DOE reported a smaller 2.976mm draw (but still a draw). Cushing saw a bigger than expected (and API) build but Gasoline stocks rose less than expected (and API). Crude production fell modestly week-over-week, but hoveres around 8.5mm b/d. Crude prices dropped, then ramped towards $50…
- Crude -7.6mm (+1.5mm exp)
- Cushing +400k (+100k exp)
- Gasoline +2mm (+500k exp)
- Distillates -1.3mm
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