API Report: Massive Gasoline Build, Crude Builds, Cushing and Distillates Draw

@EnergyBasis: EIA #WPSR Estimates (in mbbls) for Week Ending April 21, 2017

 

@EnergyBasis:

  • Current #API #Crude Stocks: 532.50 mbbls
  • Previous #DOE #Crude Stocks: 532.34 mbbls
  • Difference: 0.16 mbbls

@EnergyBasis: Crude #WPSR Estimates (in mbbls) for Week Ending April 21, 2017

@EnergyBasis: Gasoline #WPSR Estimates (in mbbls) for Week Ending April 21, 2017

@EnergyBasis: Distillate #WPSR Estimates (in mbbls) for Week Ending April 21, 2017

@EnergyBasis:  Total US Rigs

Technical Oil Warning Could Spell More Downside

Major resistance on traditional 3box reversal <CRB> Index

<CRB> and <BCOM> weekly basis reject 50sma. Warning of deflationary trends developing.