Oil Tanks After Biggest Inventory Build In 34-Year History

by Tyler Durden
ZeroHedge.com
Nov 2, 2016

Following last night’s massive inventory build report from API (biggest in 8 months), DOE piled on by confirming a 14.42mm barrel build – the biggest in the 34 year history of EIA data. Cushing saw a small build but Gasoline and Distillates saw drawdowns. Crude and RBOB prices are tumbling on the news, not helped by the 3rd weekly rise in US Crude production.

The Rest…HERE

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