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WTI Surges Above $51 After Unexpected Crude Inventory Draw

Tuesday, October 18, 2016 17:03
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(Before It's News)

zerohedge.com / by Tyler Durden / Oct 18, 2016 4:41 PM

Seasonally, expectations are for continued builds in inventories (following last week’s biggest build in 6 months) butAPI reported a massive 3.8mm drawdown (against 2.1mm build expectations) sending WTI prices soaring. Distillates also saw a notable draw as Gasoline built modestly. Cushing saw the biggest draw since Feb 2014.

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The post WTI Surges Above $51 After Unexpected Crude Inventory Draw appeared first on Silver For The People.

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