Pit News/Energies Report – Phil Flynn

…The reporting agencies gave us a crude oil build of 4.2 million barrels but is this real? There were hopes this build would cool off the products but hopes were dashed when traders saw the very familiar number. This 4.2 million barrel build in crude oil is the exact number the SPR loaned to US refiners during this same time frame. Without the loan, would we have seen any build at all?…

Alaron Trading