WTI Bounces Back Above $46 After Biggest Crude Draw Since 2016
zerohedge.com / by Tyler Durden / May 9, 2017 4:38 PM
WTI and RBOB prices slipped lower today after EIA raised its 2017 US crude output forecast (and the dollar rallied) along with Libya production headlines. WTI bounced on a much bigger than expected draw from API (-5.789mm v -2mm exp), but RBOB slipped towards the lows of the day on another unexpectedly large gasoline build.
The post WTI Bounces Back Above $46 After Biggest Crude Draw Since 2016 appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/09/wti-bounces-back-above-46-after-biggest-crude-draw-since-2016/
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