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Gasoline Glut Sends Oil Prices Tumbling

stander
stander
in Oil, Gas and Energy News

Featured Replies

Five hundred and forty-three years after the birth of Copernicus, and all action in the crude complex is revolving around yesterday’s crude inventory report.


While Wednesday’s API report head-faked the market into thinking we could see a draw to crude stocks, the appearance of a 2.1 million barrel build sent crude prices charging lower. It was a 3 million barrel build in gasoline stocks, however, which really gave a bearish reverberation to the report


http://oilprice.com/Energy/Energy-General/Gasoline-Glut-Sends-Oil-Prices-Tumbling.html


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