Crude estimates after API reports US crude stock piles up 12.2mn barrels , the largest inventory pile in 30 years , and the 13th consecutive week showing an inventory build All relies on DOE inventory data later analyzed to see whether it confirms the Cushing stock pile increase – which , according to recent inventory estimates , is nearly 90 % full .
Crude tumbles after API reports US crude stock piles up 12.2mn barrels, the largest inventory build in 30 years, and the 13th consecutive week showing an inventory build All eyes on DOE inventory data later today to see whether it confirms the Cushing stock pile increase – which, according to Goldman Sachs estimates, is c 90% full.