RE: Storage crisis fading?12 May 2020 23:11
Total crap spotted on here.
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build, of 7.58 million barrels for the week ending May 8 even as several U.S. states begin the slow process of reopening certain segments of their battered economies.
Today’s inventory build was expected to be just 4.147 million barrels--less than half of the weekly inventory builds we’ve seen over the past few weeks, according to API data. The figures were, however, nearly double those expectations.