Nothing says buy-the-dip in crude oil like a massive inventory build in an already-near-peak-storage Cushing. Following a dive in prices after Genscape reported a massive Cushing build of approximately 1mm barrels, WTI has surged as algos keep the dream alive in stocks…
This would be the biggest weekly inventory build at Cushing this year..
Charts: Bloomberg
via Zero Hedge http://ift.tt/1TMNC3Q Tyler Durden