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Title : "Holy, Ricochet, Batman, Another Huge Build" -- March 6, 2018
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"Holy, Ricochet, Batman, Another Huge Build" -- March 6, 2018

API crude oil inventories:

• previously: a build of slightly less than one million bbls
• forecast for today's report: a build of 2.7 million bbls
• actual API estimate: a build of almost 6 million bbls -- 5.661 million bbls

I use EIA data to calculate re-balancing. That data will be released tomorrow at 10:30 am. Eastern Time.

WTI after the report: down about 25 cents, now at $62.33, which is fine.

And, yes, Robin really did utter "Holy, ricochet" in season 1 of the Batman television series.

http://ift.tt/2dZyQXu

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