FAST FIVE: WTI/RBOB Slide After Surprise Crude, Gasoline Builds; Record Production
Bloomberg Intelligence's Senior Energy Analyst Vince Piazza noted before the data hit that, propelled by WTI discounts to Brent of greater than $6 a barrel, domestic refinery throughout is expected to push higher.
Amid all the chaos in stocks, WTI/RBOB went nowhere since the API data with no follow-through from Trump or Macron regarding Iran.
If reimposed, US sanctions would require buyers of Iranian crude to cut purchases within 180 days, he said.
Iran produced about 3.81 million barrels day in March, according to data compiled by Bloomberg.
But once the DOE data hit, WTI/RBOB prices slid lower.
The post FAST FIVE: WTI/RBOB Slide After Surprise Crude, Gasoline Builds; Record Production appeared first on NWO Stop.
Weiterlesen: https://nwostop.com/2018/04/25/fast-five-wti-rbob-slide-after-surprise-crude-gasoline-builds-record-production/
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