Around The Barrel – Crude Oil Builds with Refinery Utilization Down 12.4% Due to Arctic Freeze

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  • #50656
    TradersCom
    Keymaster

    WTI crude oil Feb futures settle $76.93 Down $3.33 just under 4%

    Broke late-December low with a $76.60 low
    – Strength in USD
    – China implosion concerns
    – #natgas selloff

    #50710
    TradersCom
    Keymaster

    Crude oil Futures continue their slide for the new year, $8 down from yesterday’s high at $73

    WTI Crude Oil Futures $73.24 -3.69 -4.80%
    #Brent Crude Futures $78.10 -4.00 -4.87%
    Unleaded Gasoline Futures $2.2470 -0.1142% -4.89%

    #50306
    TradersCom
    Keymaster

    EIA reported a build of +1.694Mbbls in crude, gasoline dropped -0.346M bbl. Total oil and fuel exports 10.55MMbpd, production was 100kbbls higher. Ref
    [See the full post at: Around The Barrel – Crude Oil Builds with Refinery Utilization Down 12.4% Due to Arctic Freeze]

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