{"id":25307,"date":"2017-09-06T16:12:39","date_gmt":"2017-09-06T21:12:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25307"},"modified":"2017-09-06T16:12:39","modified_gmt":"2017-09-06T21:12:39","slug":"first-glimpse-of-harvey-impact-shows-biggest-crude-build-in-5-months-smaller-gasoline-draw-than-expected","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25307","title":{"rendered":"First Glimpse Of Harvey Impact Shows Biggest Crude Build In 5 Months, Smaller Gasoline Draw Than Expected"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-09-06\/first-glimpse-harvey-impact-shows-biggest-crude-build-5-months-smaller-gasoline-draw\">First Glimpse Of Harvey Impact Shows Biggest Crude Build In 5 Months, Smaller Gasoline Draw Than Expected<\/a><\/h3>\n<section class=\"messages-holder\"><\/section>\n<section class=\"node node-type-story node-full node-nid-603004 ads-injected\">\n<div class=\"sub-title-box\"><\/div>\n<div class=\"content\">\n<p>Amid all the chaos of Harvey&#8217;s outages and Irma&#8217;s expectations, tonight&#8217;s API inventory seems relatively irrelevant but we are sure the machines will be all over it &#8211; <em><strong>no matter that it will be guesstimated more than normal.<\/strong><\/em> WTI was at one-month highs above $49 as API printed and kneejerked lower despite a <strong>smaller than expected crude build (still the biggest build since March) and a smaller than expected draw in gasoline<\/strong>.<\/p>\n<p><strong>API<\/strong><\/p>\n<ul>\n<li><strong>Crude +2.79mm (+4mm exp) &#8211; biggest build in 5 months<\/strong><\/li>\n<li>Cushing +669k (+1mm exp)<\/li>\n<li><strong>Gasoline -2.544mm (-5.2mm exp) &#8211; biggest draw in 6 weeks<\/strong><\/li>\n<li>Distillates -610k<\/li>\n<\/ul>\n<p>Last week&#8217;s modest builds in products and big draw in crude occurred before Harvey hit. This week&#8217;s data shows the initial effects with a major build in crude (though less than expected) and major draw in gasoline stocks (though also less than expected).<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/09\/06\/20170906_api2.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/09\/06\/20170906_api2_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>Heading into the print, WTI was around $49 and RBOB had been bouncing back after falling intraday&#8230; The initial reaction was a kneejerk lower in WTI and RBOB&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/09\/06\/20170906_a%5Bpi1.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/09\/06\/20170906_a%5Bpi1_0.jpg\" alt=\"\" \/><\/a><\/p>\n<div class=\"injected-ad-wrapper\">&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>First Glimpse Of Harvey Impact Shows Biggest Crude Build In 5 Months, Smaller Gasoline Draw Than Expected Amid all the chaos of Harvey&#8217;s outages and Irma&#8217;s expectations, tonight&#8217;s API inventory seems relatively irrelevant but we are sure the machines will be all over it &#8211; no matter that it will be guesstimated more than normal. [&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":[184,3378,15724,4318],"class_list":["post-25307","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-gasoline","tag-hurricane-harvey","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25307","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=25307"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25307\/revisions"}],"predecessor-version":[{"id":25308,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25307\/revisions\/25308"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}