WTI Crude Tumbles - Erases Entire Inventory-Draw Spike

The algos driving yesterday's spike obviously did not read the weather forecast as the one off draw is 'storm shut in'-related and not a sign of demand and massive glut reduction.

The algos driving yesterday's spike obviously did not read the weather forecast as the one off draw is 'storm shut in'-related and not a sign of demand and massive glut reduction. Add to that a number of nations demanding exemptions from any freeze and the gains are gone...

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