So much for last night’s lower than expected API build, DOE data shows a massive build compared to the 3.95 mm barrels expected: *CRUDE OIL INVENTORIES ROSE 10.30 MLN BARRELS, EIA SAYS This is the 8th build in a row and biggest weekly inventory rise in 14 years. This is the fastest inventory build EVER… and WTI has broken back below $50… Unambiguously good still? Charts: Bloomberg
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