{"id":11724,"date":"2015-09-01T17:28:33","date_gmt":"2015-09-01T22:28:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11724"},"modified":"2015-09-01T17:28:33","modified_gmt":"2015-09-01T22:28:33","slug":"wti-extends-crash-to-10-after-api-inventories-surge-most-in-5-months","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11724","title":{"rendered":"WTI Extends Crash To 10% After API Inventories Surge Most In 5 Months"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-09-01\/wti-tumbles-back-44-handle-after-api-inventories-surge-most-5-months\" target=\"_blank\">WTI Extends Crash To 10% After API Inventories Surge Most In 5 Months<\/a><\/h3>\n<p>After the worst day since last November&#8217;s OPEC meeting, WTI crude is falling further tonight as\u00a0<strong>API reported a huge 7.6 million barrel inventory build<\/strong>. This is the biggest build (compared to DOE data) since early April!\u00a0<strong>WTI Crude is now down 9.85%<\/strong>\u00a0on the day &#8211; that is a bigger drop (close to close) than the Nov OPEC meeting drop and is not matched back to 2008\/9&#8217;s collapse.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API1_0.jpg\" alt=\"\" width=\"600\" height=\"313\" \/><\/a><\/p>\n<p>and the reaction is more selling in WTI&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API4.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API4_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>Which is now down 10% on the day &#8211; a bigger move than the OPEC drop&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API3.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09\/20150901_API3_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p><em>Charts: Bloomberg<\/em><\/p>\n<div><em>\u00a0<\/em><\/div>\n<form id=\"fivestar-form-node-512723\" class=\"fivestar-widget\" accept-charset=\"UTF-8\" action=\"http:\/\/www.zerohedge.com\/news\/2015-09-01\/wti-tumbles-back-44-handle-after-api-inventories-surge-most-5-months\" method=\"post\">\n<div><\/div>\n<\/form>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Extends Crash To 10% After API Inventories Surge Most In 5 Months After the worst day since last November&#8217;s OPEC meeting, WTI crude is falling further tonight as\u00a0API reported a huge 7.6 million barrel inventory build. This is the biggest build (compared to DOE data) since early April!\u00a0WTI Crude is now down 9.85%\u00a0on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[8626,8627,600,1451,895,4318],"class_list":["post-11724","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-api-inventory","tag-oil-inventory-build","tag-opec","tag-west-texas-intermediate","tag-wti","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11724"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11724\/revisions"}],"predecessor-version":[{"id":11725,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11724\/revisions\/11725"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}