Crude Supplies Surge To Highest Since At Least 1982

Crude Supplies Surge To Highest Since At Least 1982 (Zerohedge, Jan 28, 2015):

Remember how exuberant yesterday’s small gains in Crude Oil were perceived to be? Yeah – that’s all over, with WTI back near a $44 handle – following a large 12.7 million barrel inventory build according to API (EIA reports the ‘main event’ at 1030ET today – which Saxo Bank warns “a bigger-than-expected build would likely push the mkt over the cliff edge.”) Additional weakness overnight is also likely due to Goldman’s shift to a ‘sell’ for the next 3 months.

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