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Oil Hits Session High After DOE Shows Lowest Midwest Gasoline Stocks On Record
Oil Hits Session High After DOE Shows Lowest Midwest Gasoline Stocks On Record
Oil prices rose to session highs after today's DOE inventory data refuted the latest cheerful API prints from Tuesday afternoon. Instead of the API-reported builds in distillates and gasoline, the DOE said that in the last week both products drew, with a modest increase in Cushing inventories, while crude inventories rose by 922K
API
Crude +1.0mm
Gasoline +3.0mm
Distillates +0.3mm
Cushing +0.2mm
DOE
Crude +0.922mm
Gasoline -1.684mm
Distillates -2.251k
Cushing +553mm
As...
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