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Thread: Wti/rbob extened losses after unexpected crude build

  1. #1
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    Wti/rbob extened losses after unexpected crude build

    After last week's API (and subsequent DOE) stock information sparked the newest hopeful pump greater in the power complex, this week's API info dissatisfied. WTI and RBOB porices slipped lower after an urgent crude develop ( 882k versus -2.67mm exp).



    API

    • Crude 882k (-2.67mm exp)
    • Cushing -539k
    • Gasoline -1.7mm (-1mm exp)
    • Distillates 1.787mm
    After last week's across-the-board stock attracts, Crude's develop is a huge shock (the largest since March) And after bouncing on last week's stock information and the weekend's Saudi/Russia jawboning, WT-i fell for the first time in 5 times to day forward of API information and kneejerked reduce on the print... “With a weak dollar today and supportive information taken from OPEC, I Would feel the market would be stronger but it looks to be battling, warned Phil Flynn, senior market analyst at Andre1 Futures Group.

  2. #2
    It looks odd when oil Andre1 rises, worldwide markets are impacted absolutely which is fantastic. However, when oil prices falls there is not any related influence on markets that are worldwide. Anyone understands please?

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