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January 13, 2016

Gasoline Sees the Biggest 2-week Inventory Build in History

Confirming API data overnight, DOE reports that while total inventories of crude rose less than expected (+234k vs +2.1mm exp.) Gasoline and Distillates saw a massive build once again. Gasoline invenrtories rose 8.44mm barrels (following last week's 10.6mm record build) is the biggest 2-week inventory build in history. Crude has crashed back from overenight "China is buying oil" demand hopes.
  • *GASOLINE INVENTORIES ROSE 8.44 MLN BARRELS, EIA SAYS
  • *DISTILLATE INVENTORIES ROSE 6.14 MLN BARRELS, EIA SAYS
  • *CRUDE OIL INVENTORIES ROSE 234,000 BARRELS, EIA SAYS
This is the biggest 2-week gasoline inventory build in history

And crude is reacting how it should...


Courtesy Tyler Durden, founder of Zero Hedge (More Zero Hedge articles Here)


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