Boy, That Escalated Quickly: Crude Dumps, RBOB Pumps On Stock Data

Boy, That Escalated Quickly: Crude Dumps, RBOB Pumps On Stock Data

Boy, oh boy. If you wanted a dramatic set up for tomorrow's EIA data, I've got one for you. At 4:30 we got this week's API numbers as usual and (as is also usual) we printed a huge stock build... Crude inventories +11.6m bbl last week Consider that against this... EIA to publish weekly inventory data Wednesday; median forecast is +1.39m bbl in crude stockpiles last week, Bloomberg survey of analysts shows But, we also got this from API... Gasoline -4.96m Versus this expected from EIA..
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