WTI Crude Jumps After API Reports Unexpected Inventory Draw

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

After 2 weeks of inventory builds (and production drops), API reports an unexpected 3.1 million barrel inventory draw.

After 2 weeks of inventory builds (and production drops), API reports an unexpected 3.1 million barrel inventory draw (with Cushing drawing down 1.5mm bbl). Crude surged back above $45 on the news...

 

and the reaction...

 

Charts: Bloomberg

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