{"id":16393,"date":"2016-01-12T16:40:11","date_gmt":"2016-01-12T21:40:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16393"},"modified":"2016-01-12T16:40:11","modified_gmt":"2016-01-12T21:40:11","slug":"wti-slides-after-api-reports-massive-build-in-gasoline-distillate-inventories","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16393","title":{"rendered":"WTI Slides After API Reports Massive Build In Gasoline &#038; Distillate Inventories"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-12\/wti-slides-after-api-reports-massive-build-gasoline-distillate-inventories\" target=\"_blank\">WTI Slides After API Reports Massive Build In Gasoline &amp; Distillate Inventories<\/a><\/h3>\n<div class=\"tabs\">With the seasonally drawdown-prone December completed, we begin seasonally build-prone January with expectations for a 2mm barrel build. However, according to API, both total and Cushing inventory levels tumbled (-3.9mm and 300k respectively). Great news &#8211; so why is crude tumbling? Simple &#8211;\u00a0<strong>massive builds in end-products again with Gasoline up a massive 7mm barrels and Distillates up 3.6mm barrels.\u00a0<\/strong>Having ramped off sub-$30 levels aftwr NYMEX closed, and lifted by the Iran-US news, WTI is sliding back rapidly.<\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160112_api.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160112_api_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>December saw a very flat inventory overall (despite being a seasonally extreme period for drawdowns into year-end tax planning)&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/12-overflow\/20151229_API1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/12-overflow\/20151229_API1_0.jpg\" alt=\"\" width=\"600\" height=\"300\" \/><\/a><\/p>\n<p>Judging from history,\u00a0<a href=\"http:\/\/www.bloomberg.com\/gadfly\/articles\/2015-12-23\/oil-prices-leap-after-market-mistakes-taxman-for-santa\">as Bloomberg notes<\/a>, it should resume as soon as the festive season is over:\u00a0<strong>Stocks have built by 3.2 million barrels on average in January since 1921.<\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WTI Slides After API Reports Massive Build In Gasoline &amp; Distillate Inventories With the seasonally drawdown-prone December completed, we begin seasonally build-prone January with expectations for a 2mm barrel build. However, according to API, both total and Cushing inventory levels tumbled (-3.9mm and 300k respectively). Great news &#8211; so why is crude tumbling? Simple &#8211;\u00a0massive [&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":[3],"tags":[4333,11657,184,11656,7572,4318],"class_list":["post-16393","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude","tag-crude-inventory-build","tag-crude-oil","tag-distallates","tag-nymex","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16393","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=16393"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16393\/revisions"}],"predecessor-version":[{"id":16394,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16393\/revisions\/16394"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}