/NKD had a nice dip back to 18,600 but recovered half the drop on better than expected China PMI (50.1 – nothing to get too excited about). We're waiting on Hong Kong GDP at 10 – expected 1.6% for the year.
API showed an 8.9Mb build in oil but a 2.4Mb draw in distillates and 1.6Mb draw in gasoline. Numbers like this were to be expected with part of the refining capacity offline – so kind of neutral.
February 24th, 2015 at 9:13 pm