Wednesday, April 4, 2012

"Another Surge in Crude Inventories"

WTI is trading down $1.98 at $102.03, Brent is off $1.43 at $123.44.
From Bespoke Investment Group:
For the second straight week, US crude oil inventories came in significantly higher than expected.  Over the last two weeks, US crude stockpiles have risen by 16.1 mln barrels, which is the largest two-week increase since March 2001, and the seventh largest two-week build since at least 1983....MORE