WTI Extends Losses After Surprise Crude Build, January Cushing Stocks At 2008 Lows

WTI Extends Losses After Surprise Crude Build, January Cushing Stocks At 2008 Lows

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WTI Extends Losses After Surprise Crude Build, January Cushing Stocks At 2008 Lows Oil prices were lower this morning, amid broad derisking after weak macro data and no immediate escalation in the Middle East. API Crude -2.5mm (-800k exp) Cushing -2.0mm Gasoline +600k (+1.4mm exp) Distillates…

#lowsoil #middleeast #apicrude #cushing20mm #distillates254mm #api #distillates #spr #cushinghub #tylerdurden

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