WTI Tops $65 For First Time Since Dec 2014 After Crude Draw, Production Record
Zero Hedge -

After API reported a surprise crude build overnight, all eyes are on the DOE data this morning which showed a smaller than expected crude draw (-1.07mm vs 2.32mm exp) but still a draw (for the 10th week in a row) compared to API's build.

As Bloomberg's Julian Lee notes, cold weather and a growing list of refineries undergoing maintenance probably cut crude intake for a third week. Along with rising production, this could be enough to halt the downward trend in inventories - at least for...

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