​WTI Holds Losses After Large Crude Build, Huge Gasoline Draw – Tyler Durden

WTI Holds Losses After Large Crude Build, Huge Gasoline Draw Oil prices are falling once again as hope for more China demand (stimmies) fade and last night’s huge crude inventory build reported by API (likely storm-related). The slide in prices overshadowed nervousness about an escalation of hostilities in the Middle East, particularly a possible retaliatory strike by Israel on Iran’s oil facilities following a missile barrage last week. “Heightened geopolitical risks have supported oil prices and appear likely to continue to do so,” Morgan Stanley analysts including Martijn Rats and Charlotte Firkins said in a note. “However, the underlying balance has continued to weaken.”…  — Continue at ZeroHedge News : Read More