Crude Confused After Production Cut Offsets Cushing Build, Smaller-Than-Expected Gasoline Draw

by Tyler Durden
ZeroHedge.com
03/16/2016

For the 7th week in a row, Cushing inventories saw a build (+545k) pushing to new record high stockpiles but that was offset by a smaller-than-expected build in overall crude (+1.3m vs +3.2m and less than API overnight). A smaller-than-expected draw in Gasoline is helping to fade the early gains in crude.

The Rest…HERE

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