Crude Crashes On Biggest 2-Week Gasoline Inventory Build On Record | Zero Hedge

Crude Crashes On Biggest 2-Week Gasoline Inventory Build On Record | Zero Hedge

Confirming API data overnight, DOE reports that while total inventories of crude rose less than expected (+234k vs +2.1mm exp.) Gasoline and Distillates saw a massive build once again. Gasoline inventories rose 8.44mm barrels (following last week’s 10.6mm record build) is the biggest 2-week inventory build in history. Crude has crashed back from overnight “China is buying oil” demand hopes.

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