BIG DRAW from crude oil storage in U.S.
Posted: Tue Aug 15, 2017 6:27 pm
The API reported a draw of 9.2M barrels of crude oil for the week ending August 11 vs. last week's draw of 7.84M barrels.
Gasoline showed a build of 300K barrels and distillates showed a draw of 2.17M barrels.
If EIA confirms a draw from crude oil storage anything close to this, it should draw some attention from the traders. Crude oil storage is falling like a rock.
Gasoline showed a build of 300K barrels and distillates showed a draw of 2.17M barrels.
If EIA confirms a draw from crude oil storage anything close to this, it should draw some attention from the traders. Crude oil storage is falling like a rock.