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WTI/RBOB Slide After Surprise Crude Build
The last two days have seen WTI/RBOB prices soar (as trade-war fears ebb and Saudi hopes for higher prices) but they gave a little back after API reported a surprise crude build and notable Gasoline build.
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Bad Santa Buys Bonds, Bullion, & Bitcoin; Rotten Apple Spoils Promised Stock Rally
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Bitcoin Bloodbaths Most In 4 Years As Stocks, Bond Yields, & Bullion Bounce
It was quite a week...
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McCain Mania Sends Dow Soaring To Record Highs As Yield Curve Collapse Continues
The longest short-squeeze streak in history continues...
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WTI Sinks After Surprise Crude Build
Despite UAE oil minister jawboning, WTI/RBOB was sold today heading into the API data and extended losses after crude showed a surprise build (+1.82mm vs -2.95mm exp). Cushing saw a massive destocking and RBOB was steady after gasoline showed a surprise draw.
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