WTI Jumps 11.8% as EIA Stock Build Tests XOM, COP, VLO and MPC
WTI rose 11.8% to $80.77 even as EIA crude inventories built by 2,010 Mbbl, creating a cleaner test for upstream stocks than for refiners. The key split is
Energy Market
EIA weekly inventory, oil/gas price analysis, and seasonal deviations
Energy Market
EIA weekly inventory, oil/gas price analysis, and seasonal deviations
2 articles
WTI at $72.26: EIA Draw Tightens the Oil Tape While VLO and MPC Signal Refining
WTI rose 2.5% to $72.26 as EIA data showed a 1,692 Mbbl crude draw and inventories 6.3% below the five-year seasonal average. The sharper read is in equities: refiners