​WTI Extends Gains After US Crude Inventory Tumbles To 6-Month-Lows – Tyler Durden

WTI Extends Gains After US Crude Inventory Tumbles To 6-Month-Lows Oil prices have surged overnight following the assassination of Hamas’ political leader in Tehran. This geopolitical risk premium surge came on top of an across the board inventory draw reported by API last night. Traders are watching for confirmation of the drawdown trend in US crude stocks from the official data this morning. API Crude -4.495mm (-3.9mm exp) Cushing -929k Gasoline -1.917mm (-1.6mm exp) Distillates -322k DOE Crude -3.44mm (-3.9mm exp) Cushing -1.1mm Gasoline -3.67mm (-1.6mm exp) Distillates +1.53mm US crude inventories fell for the 5th straight week, dropping 3.44mm…  — Continue at ZeroHedge News : Read More