zerohedge.com / by Tyler Durden / Jan 5, 2017 11:07 AM
Following API’s larger than expected crude draw (and huge product builds), DOE reports massive builds in Distillates (+10mm – biggest sine Jan 2015) and Gasoline (+8.3mm – biggest since Jan 2016) and another big build in Cushing inventories. Crude inventories drew down 7.05mm barrels – confirming API’s data. US crude production also picked up and WTI prices tumbled.
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