WTI/RBOB Jump After Smaller Than Expected Crude Build

Jon Alternative Media, Blogosphere, Market Commentary

After last week’s record-breaking draw in Gasoline stocks, and big crude build, the noise from Harvey and Irma disruptions continues to add volatility to the data. API reported a smaller than expected crude build and bigger than expected gasoline (and distillates) draw sent prices for both WTI and RBOB higher.
API
Crude +1.43mm (+3.9mm exp) Cushing +420k (+900k exp) Gasoline -5.063mm (-2.13mm exp) Distillates-6.13mm A smaller than expected crude build and considerably bigger than expected draws in gasoline and distillates…

This post was published at Zero Hedge on Sep 19, 2017.