Huge Crude Oil Drawdown -- API -- July 10, 2018

Link here.

Drawdown: 6.796 million bbls; that's a huge number. We'll see the EIA data tomorrow morning.

Here's the headline over at oilprice:

Yeah, except for a small increase --- and, I mean, really, really small -- in the OPEC basket, all the other "major" crude oils actually went down in price. This gets tedious.