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Title : Facts No Longer Matter --
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Facts No Longer Matter --

WTI jumps almost 3% after EIA releases stunning report. WTI up almost $2.00 and now trading solidly above $54.

See this story.

Global oil prices extended gains Wednesday, taking Brent crude to a fresh three month high, after data indicating a steep rise in U.S. stockpiles followed steeper-than-expected production cuts from key OPEC+ members Saudi Arabia and Russia. The Energy Information Administration said domestic crude inventories rose by a much-larger-than-expected 3.68 million barrels last week, taking the total to 450.84 million, the highest since November 2017. The figures offset forecasts for weaker demand and record U.S. supply from the International Energy Agency earlier in the session and sent prices higher in market around the world.

EIA link here. Weekly petroleum report --
huge build and apparently completely unexpected:

http://bit.ly/2dZyQXu

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