​WTI Extends Losses After Smaller-Than-Expected Crude Draw – Tyler Durden

WTI Extends Losses After Smaller-Than-Expected Crude Draw Oil slipped for a second day, extending a bumpy run so far this month, with the market focusing on Libyan supplies, key technical indicators and US inventory data. The outages in Libya have been countered by a broadly bearish undertone – leading top Wall Street banks including Goldman Sachs. and Morgan Stanley to shave their price forecasts for next year. API Crude  -3.4mm (exp. -3mm) Gasoline -1.86mm Distillates -1.4mm Cushing -486k DOE Crude  -846k (exp. -3mm) Gasoline -2.2mm Distillates +275k Cushing -668k US Crude stocks declined for the 8th week in the last 9 (but less…  — Continue at ZeroHedge News : Read More