Oil Pumps-And-Dumps On Smaller API Inventory Draw

Tyler Durden
By Tyler Durden of Zero Hedge
Writer at ZeroHedge •

Crude oil jumped (algorithmically) and then dumped (humanistically) after API reported a 2.9 million barrel inventory draw.

Crude oil jumped (algorithmically) and then dumped (humanistically) after API reported a 2.9 million barrel inventory draw. This drawdown is notably lower than the 6.7 million barrel draw last week...

 

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