​WTI Extends Bounce Off 6-Mo Lows After Sixth Straight Weekly Crude Draw – Tyler Durden

WTI Extends Bounce Off 6-Mo Lows After Sixth Straight Weekly Crude Draw Oil prices have rebounded strongly overnight on the heels of the BoJ’s big dovish ‘fold’, which trumped the across-the-board inventory builds reported by API. Additionally, traders are also closely monitoring geopolitical risks. In the Middle East, nations are bracing for a potential Iranian attack on Israel as payback for assassinations of Hezbollah and Hamas leaders. Ukrainian troops also launched a rare cross-border attack into Russia. But for now, the tactical trade will be dependent on the official inventory data. API Crude +0.18mm Cushing +1.07mm Gasoline +3.31mm Distillates +1.22mm DOE Crude -3.728mm…  — Continue at ZeroHedge News : Read More