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WTI Dips After Surprise Inventory Builds Across-The-Board
08-28-2018, 04:43 PM,
#1
WTI Dips After Surprise Inventory Builds Across-The-Board
WTI Dips After Surprise Inventory Builds Across-The-Board

<p>WTI closed lower on the day as the USD ticked up ahead of API inventory data that <strong>showed inventory builds across the board, sending prices marginally lower</strong>.</p>

<p> </p>

<p><u><strong>API</strong></u></p>

<ul><li>
<p>Crude +38k (-1.49mm exp)</p>
</li>
<li>
<p>Cushing +130k (+50k exp)</p>
</li>
<li>
<p>Gasoline +21k</p>
</li>
<li>
<p>Distillates +982k</p>
</li>
</ul><p>The flip-flopping crude draw/build continued last week with an unexpected build. In fact we saw builds across the board...</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018-08-28_13-20-07.jpg?itok=fpHbA_nc" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018-08-28_13-20-07.jpg?itok=fpHbA_nc"><img data-entity-type="file" data-entity-uuid="d0a769cd-888b-4dd3-b046-3dea51b28a1e" data-responsive-image-style="inline_images" height="261" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-08-28_13-20-07.jpg?itok=fpHbA_nc 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018-08-28_13-20-07.jpg" alt="" typeof="foaf:Image" /></a></p>

<p> </p>

<p>WTI dipped on the unexpected builds across the board...</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018-08-28_13-32-23.jpg?itok=K4TjzKsY" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018-08-28_13-32-23.jpg?itok=K4TjzKsY"><img data-entity-type="file" data-entity-uuid="7cd5fb8b-be20-4c12-bf9a-781d8080a75f" data-responsive-image-style="inline_images" height="272" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-08-28_13-32-23.jpg?itok=K4TjzKsY 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018-08-28_13-32-23.jpg" alt="" typeof="foaf:Image" /></a></p>

<p><em><strong>“The market is shaking off some of the excitement of the Mexico free trade deal,” </strong></em>said Phil Flynn, senior market analyst at Price Futures Group Inc. in Chicago.</p>

<p>Also, <em><strong>“there is a concern that maybe we’ll see an increase in inventories today as opposed to the expectation of a slight draw. People are all over the board on this inventory report.”</strong></em></p><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/6qqTpGvbh5w" height="1" width="1" alt=""/>


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