Crude tumbles after API reports 1.2MM 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.
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.