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EIA Petroleum Inventories: Crude +6.7M barrels vs. consensus of +0.7M. Gasoline -1.8M barrels...

EIA Petroleum Inventories: Crude +6.7M barrels vs. consensus of +0.7M. Gasoline -1.8M barrels vs. consensus of -0.6M. Distillates +0.5M barrels vs. consensus of +0.3M. Crude -2.65% at $90.95.
Comments (1)
  • Brent-WTI under $10, I doubt it breaks $8 but you never know.

     

    $8 is about what it costs to rail to Brent priced markets in the US (East Coast) over piping to WTI.... this is getting interesting.

     

    I guess it's possible we see one more bounce to 92 or so but we are definitely in a strong downtrend now....
    1 May 2013, 10:52 AM Reply Like
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