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WTI/RBOB Plunge After Inventory Hits Record High, Production Surges

WTI/RBOB Plunge After Inventory Hits Record High, Production Surges

After a sizable build in crude and draw in gasoline overnight from API, WTI and RBOB are lower (legged down on Libya production news). DOE data confirmed the API data with a sizable crude build and gasoline and distillates extending their draw streak. US crude production rose once again - the highest in 13 months.

 

API

  • Crude +4.539mm (+3mm exp)
  • Cushing +1.968mm
  • Gasoline -4.934mm (-2.4mm exp)
  • Distillates -883k

DOE

Paul Craig Roberts: "Bannon Is 100% Right - The Media Is Now The Opposition"

Paul Craig Roberts: "Bannon Is 100% Right - The Media Is Now The Opposition"

Authored by Paul Craig Roberts,

Bannon is correct that the US media - indeed, the entire Western print and TV media - is nothing but a propaganda machine for the ruling elite. The presstitutes are devoid of integrity, moral conscience, and respect for truth.

 

America's Putin Derangement Syndrome

America's Putin Derangement Syndrome

Submitted by Daniel Lazare via The Strategic Culture Foundation,

Last week as Donald Trump was preparing to take office, The New York Times — reeling from Trump’s interview in which he said he didn’t “really care” if the European Union holds together and described NATO as “obsolete” — declared that “the big winner” of the change in U.S. presidents was Vladimir Putin.

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