Crude Plunges On Biggest Weekly Inventory Build In 14 Years

Submitted by Tyler Durden on 03/04/2015 10:35 -0500

• Crude
 
• Crude Oil

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So much for last night's lower than expected API build, DOE data shows a massive build compared to the 3.95 mm barrels expected:

• *CRUDE OIL INVENTORIES ROSE 10.30 MLN BARRELS, EIA SAYS

This is the 8th build in a row and biggest weekly inventory rise in 14 years.

This is the fastest inventory build EVER...

and WTI has broken back below $50...

Unambiguously good still?

Charts: Bloomberg

Average: