Well, part of that headline is accurate.
This morning: WTI traded at $54.21.
At the close, after that "colossal" draw, WTI traded at $55.52.
Not exactly breathtaking.
The draw, according to API data: wow, it was colossal -- 11.1 million bbls.
Analyst expectations: a draw of 2.112 million bbls (and, again, I love the false precision).
So, tomorrow (Wednesday, August 28, 2019) we'll see what the EIA has to say -- 9:30 CT.
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