WTI/RBOB Tumble After Biggest US Inventory Build Since 2008

WTI/RBOB are trading lower – near two-month lows – after API reported  a big gasoline build overnight (but crude draw), as traders anticipate EIA’s confirmation (or denial as in the case of last week). However, a big surprise crude build (and gasoline build) sent prices…

This Is How The “Oil Price Shock” Will Hurt The US Economy

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs  – largely the result of geopolitical risk emanating from Iran for which Trump was been responsible –…