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Thursday, March 28, 2024

WTI/RBOB Tumble – Erase ‘Bullish’ Inventory Data Gains

Courtesy of ZeroHedge. View original post here.

The bulls got pretty much everything they could have hoped for – big inventory draws in all products and record high product demand – however, it appears it took the machines a little longer to read down the report and spot the fact that production soared to new cycle highs… and WTI/RBOB prices are tumbling…

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