EIA Report: Crude Crashes After Massive Crude & Crude Product Builds, Production Ticks Down

@EnergyBasis: EIA #WPSR (in mbbls) for Week Ending June 2, 2017

WTI has crashed to the 45 handle -320bps

@EnergyBasis: Current #Cushing Working Capacity (in mbbls) for Week Ending June 2, 2017

@EnergyBasis: Crude stocks rose by 3.295 mbbls to 513.21 mbbls, stocks are currently 11.36 mbbls higher YOY

@EnergyBasis: Crude production fell by -0.024 mbpd to 9.318 mbpd, production is currently 0.573 mbpd higher YOY.

@EnergyBasis: Distillate stocks rose by 4.355 mbbls to 151.09 mbbls, stocks are currently -0.289 mbbls lower YOY.

@EnergyBasis: Distillate demand fell by -0.520 mbpd to 3.505 mbpd, demand is currently -0.071 mbpd lower YOY.

@EnergyBasis: Gasoline stocks rose by 3.324 mbbls to 240.35 mbbls, stocks are currently 0.719 mbbls higher YOY.

@EnergyBasis: Gasoline demand fell by -0.505 mbpd to 9.317 mbpd, demand is currently -0.251 mbpd lower YOY

@EnergyBasis: Gasoline Stocks (in mbbls) by #PADD for Week Ending June 2, 2017

WTI 300min timeframe has basically given up all gains from the OPEC extension cut. Opps! S1 46.09 and S2 44.76