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Crude Inventories: Crude: -8.636M Gasoline: +2.122M Distillates: +5.821M Cushing: -1.165M
Crude Inventories:
— *Walter Bloomberg (@DeItaone) September 11, 2018
Crude: -8.636M
Gasoline: +2.122M
Distillates: +5.821M
Cushing: -1.165M#oott
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U.S. Gasoline Futures Extend Gains In Post-Settlement Trade After Api Data Show Larger-Than-Expected Build In Inventories
— LiveSquawk (@LiveSquawk) September 11, 2018
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WTI Spikes Above $70 After Huge Crude Draw
Amid east coast disruptions and Iran-related headlines, WTI spiked above $69 ahead of tonight's inventory data, before extending gains when API reported a much bigger than expected crude draw (-8.4mm vs -1.75mm exp). API Crude -8.636mm (-1.75mm exp) - biggest draw since July 2018 Cushing +2.122mm (+900k exp) - biggest build since March 2018 Gasoline +5.821mm - biggest build since Dec 2017 Distillates -1.165mm This is the 4th weekly crude draw in a row (and the biggest since July) but most notable was the huge build in gasoline - the biggest weekly rise in inventories since Dec 2017... Bloomberg reports that East ... (full story)
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