WTI Extends Gains After API Reports Large Draws Across The Board

April 4, 2023

WTI Extends Gains After API Reports Large Draws Across The Board

Oil eked out a gain (holding yesterday’s surge) after a report showed that US job openings in February fell to the lowest since 2021, reigniting concerns over a global economic slowdown.

“In this macro environment, ahead of payrolls this Friday, the signal of employers not looking for workers is not helping,” said Jonathan Wagner, global head of crude options at Marex North America

Additionally, the market largely ignored the potential resumption of oil exports from Iraq’s semi-autonomous Kurdistan region on Tuesday.

API

Crude -4.346mm (-7.5mm exp)
Cushing -1.035mm
Gasoline -3.97mm (-1.3mm exp)
Distillates -3.693mm (-140k exp) – biggest draw since Oct

After last week’s large crude draw, expectations were for another big reduction in stocks and API reported draws across the board…

Source: Bloomberg

WTI hovered near $80.50 ahead of the print and extended gains after…

For now, the oil market remains “flush” with inventories, said Manish Raj, managing director at Velandera Energy Partners. However, the announced output cuts will “turn the market to a deficit in the second half.”

Tyler Durden
Tue, 04/04/2023 – 16:41

https://www.zerohedge.com/energy/wti-extends-gains-after-api-reports-large-draws-across-board

WTI Extends Gains After API Reports Large Draws Across The Board <body> <h1> Array ( [0] => qti extends gains after api reports large draws across the board [1] => ati extends gains after api reports large draws across the board [2] => sti extends gains after api reports large draws across the board [3] => eti extends gains after api reports large draws across the board [4] => 3ti extends gains after api reports large draws across the board [5] => 2ti extends gains after api reports large draws across the board [6] => wri extends gains after api reports large draws across the board [7] => wfi extends gains after api reports large draws across the board [8] => wgi extends gains after api reports large draws across the board [9] => wyi extends gains after api reports large draws across the board [10] => w6i extends gains after api reports large draws across the board [11] => w5i extends gains after api reports large draws across the board [12] => wtu extends gains after api reports large draws across the board [13] => wtj extends gains after api reports large draws across the board [14] => wtk extends gains after api reports large draws across the board [15] => wto extends gains after api reports large draws across the board [16] => wt9 extends gains after api reports large draws across the board [17] => wt8 extends gains after api reports large draws across the board [18] => wti wxtends gains after api reports large draws across the board [19] => wti sxtends gains after api reports large draws across the board [20] => wti dxtends gains after api reports large draws across the board [21] => wti rxtends gains after api reports large draws across the board [22] => wti 4xtends gains after api reports large draws across the board [23] => wti 3xtends gains after api reports large draws across the board [24] => wti eztends gains after api reports large draws across the board [25] => wti ectends gains after api reports large draws across the board [26] => wti edtends gains after api reports large draws across the board [27] => wti estends gains after api reports large draws across the board [28] => wti exrends gains after api reports large draws across the board [29] => wti exfends gains after api reports large draws across the board [30] => wti exgends gains after api reports large draws across the board [31] => wti exyends gains after api reports large draws across the board [32] => wti ex6ends gains after api reports large draws across the board [33] => wti ex5ends gains after api reports large draws across the board [34] => wti extwnds gains after api reports large draws across the board [35] => wti extsnds gains after api reports large draws across the board [36] => wti extdnds gains after api reports large draws across the board [37] => wti extrnds gains after api reports large draws across the board [38] => wti ext4nds gains after api reports large draws across the board [39] => wti ext3nds gains after api reports large draws across the board [40] => wti extebds gains after api reports large draws across the board [41] => wti extemds gains after api reports large draws across the board [42] => wti extejds gains after api reports large draws across the board [43] => wti extehds gains after api reports large draws across the board [44] => wti extenss gains after api reports large draws across the board [45] => wti extenxs gains after api reports large draws across the board [46] => wti extencs gains after api reports large draws across the board [47] => wti extenfs gains after api reports large draws across the board [48] => wti extenrs gains after api reports large draws across the board [49] => wti extenes gains after api reports large draws across the board [50] => wti extenda gains after api reports large draws across the board [51] => wti extendz gains after api reports large draws across the board [52] => wti extendx gains after api reports large draws across the board [53] => wti extendd gains after api reports large draws across the board [54] => wti extende gains after api reports large draws across the board [55] => wti extendw gains after api reports large draws across the board [56] => wti extends fains after api reports large draws across the board [57] => wti extends vains after api reports large draws across the board [58] => wti extends bains after api reports large draws across the board [59] => wti extends hains after api reports large draws across the board [60] => wti extends yains after api reports large draws across the board [61] => wti extends tains after api reports large draws across the board [62] => wti extends gzins after api reports large draws across the board [63] => wti extends gsins after api reports large draws across the board [64] => wti extends gwins after api reports large draws across the board [65] => wti extends gqins after api reports large draws across the board [66] => wti extends gauns after api reports large draws across the board [67] => wti extends gajns after api reports large draws across the board [68] => wti extends gakns after api reports large draws across the board [69] => wti extends gaons after api reports large draws across the board [70] => wti extends ga9ns after api reports large draws across the board [71] => wti extends ga8ns after api reports large draws across the board [72] => wti extends gaibs after api reports large draws across the board [73] => wti extends gaims after api reports large draws across the board [74] => wti extends gaijs after api reports large draws across the board [75] => wti extends gaihs after api reports large draws across the board [76] => wti extends gaina after api reports large draws across the board [77] => wti extends gainz after api reports large draws across the board [78] => wti extends gainx after api reports large draws across the board [79] => wti extends gaind after api reports large draws across the board [80] => wti extends gaine after api reports large draws across the board [81] => wti extends gainw after api reports large draws across the board [82] => wti extends gains zfter api reports large draws across the board [83] => wti extends gains sfter api reports large draws across the board [84] => wti extends gains wfter api reports large draws across the board [85] => wti extends gains qfter api reports large draws across the board [86] => wti extends gains adter api reports large draws across the board [87] => wti extends gains acter api reports large draws across the board [88] => wti extends gains avter api reports large draws across the board [89] => wti extends gains agter api reports large draws across the board [90] => wti extends gains atter api reports large draws across the board [91] => wti extends gains arter api reports large draws across the board [92] => wti extends gains afrer api reports large draws across the board [93] => wti extends gains affer api reports large draws across the board [94] => wti extends gains afger api reports large draws across the board [95] => wti extends gains afyer api reports large draws across the board [96] => wti extends gains af6er api reports large draws across the board [97] => wti extends gains af5er api reports large draws across the board [98] => wti extends gains aftwr api reports large draws across the board [99] => wti extends gains aftsr api reports large draws across the board [100] => wti extends gains aftdr api reports large draws across the board [101] => wti extends gains aftrr api reports large draws across the board [102] => wti extends gains aft4r api reports large draws across the board [103] => wti extends gains aft3r api reports large draws across the board [104] => wti extends gains aftee api reports large draws across the board [105] => wti extends gains afted api reports large draws across the board [106] => wti extends gains aftef api reports large draws across the board [107] => wti extends gains aftet api reports large draws across the board [108] => wti extends gains afte5 api reports large draws across the board [109] => wti extends gains afte4 api reports large draws across the board [110] => wti extends gains after zpi reports large draws across the board [111] => wti extends gains after spi reports large draws across the board [112] => wti extends gains after wpi reports large draws across the board [113] => wti extends gains after qpi reports large draws across the board [114] => wti extends gains after aoi reports large draws across the board [115] => wti extends gains after ali reports large draws across the board [116] => wti extends gains after a-i reports large draws across the board [117] => wti extends gains after a0i reports large draws across the board [118] => wti extends gains after apu reports large draws across the board [119] => wti extends gains after apj reports large draws across the board [120] => wti extends gains after apk reports large draws across the board [121] => wti extends gains after apo reports large draws across the board [122] => wti extends gains after ap9 reports large draws across the board [123] => wti extends gains after ap8 reports large draws across the board [124] => wti extends gains after api eeports large draws across the board [125] => wti extends gains after api deports large draws across the board [126] => wti extends gains after api feports large draws across the board [127] => wti extends gains after api teports large draws across the board [128] => wti extends gains after api 5eports large draws across the board [129] => wti extends gains after api 4eports large draws across the board [130] => wti extends gains after api rwports large draws across the board [131] => wti extends gains after api rsports large draws across the board [132] => wti extends gains after api rdports large draws across the board [133] => wti extends gains after api rrports large draws across the board [134] => wti extends gains after api r4ports large draws across the board [135] => wti extends gains after api r3ports large draws across the board [136] => wti extends gains after api reoorts large draws across the board [137] => wti extends gains after api relorts large draws across the board [138] => wti extends gains after api re-orts large draws across the board [139] => wti extends gains after api re0orts large draws across the board [140] => wti extends gains after api repirts large draws across the board [141] => wti extends gains after api repkrts large draws across the board [142] => wti extends gains after api replrts large draws across the board [143] => wti extends gains after api repprts large draws across the board [144] => wti extends gains after api rep0rts large draws across the board [145] => wti extends gains after api rep9rts large draws across the board [146] => wti extends gains after api repoets large draws across the board [147] => wti extends gains after api repodts large draws across the board [148] => wti extends gains after api repofts large draws across the board [149] => wti extends gains after api repotts large draws across the board [150] => wti extends gains after api repo5ts large draws across the board [151] => wti extends gains after api repo4ts large draws across the board [152] => wti extends gains after api reporrs large draws across the board [153] => wti extends gains after api reporfs large draws across the board [154] => wti extends gains after api reporgs large draws across the board [155] => wti extends gains after api reporys large draws across the board [156] => wti extends gains after api repor6s large draws across the board [157] => wti extends gains after api repor5s large draws across the board [158] => wti extends gains after api reporta large draws across the board [159] => wti extends gains after api reportz large draws across the board [160] => wti extends gains after api reportx large draws across the board [161] => wti extends gains after api reportd large draws across the board [162] => wti extends gains after api reporte large draws across the board [163] => wti extends gains after api reportw large draws across the board [164] => wti extends gains after api reports karge draws across the board [165] => wti extends gains after api reports parge draws across the board [166] => wti extends gains after api reports oarge draws across the board [167] => wti extends gains after api reports lzrge draws across the board [168] => wti extends gains after api reports lsrge draws across the board [169] => wti extends gains after api reports lwrge draws across the board [170] => wti extends gains after api reports lqrge draws across the board [171] => wti extends gains after api reports laege draws across the board [172] => wti extends gains after api reports ladge draws across the board [173] => wti extends gains after api reports lafge draws across the board [174] => wti extends gains after api reports latge draws across the board [175] => wti extends gains after api reports la5ge draws across the board [176] => wti extends gains after api reports la4ge draws across the board [177] => wti extends gains after api reports larfe draws across the board [178] => wti extends gains after api reports larve draws across the board [179] => wti extends gains after api reports larbe draws across the board [180] => wti extends gains after api reports larhe draws across the board [181] => wti extends gains after api reports larye draws across the board [182] => wti extends gains after api reports larte draws across the board [183] => wti extends gains after api reports largw draws across the board [184] => wti extends gains after api reports largs draws across the board [185] => wti extends gains after api reports largd draws across the board [186] => wti extends gains after api reports largr draws across the board [187] => wti extends gains after api reports larg4 draws across the board [188] => wti extends gains after api reports larg3 draws across the board [189] => wti extends gains after api reports large sraws across the board [190] => wti extends gains after api reports large xraws across the board [191] => wti extends gains after api reports large craws across the board [192] => wti extends gains after api reports large fraws across the board [193] => wti extends gains after api reports large rraws across the board [194] => wti extends gains after api reports large eraws across the board [195] => wti extends gains after api reports large deaws across the board [196] => wti extends gains after api reports large ddaws across the board [197] => wti extends gains after api reports large dfaws across the board [198] => wti extends gains after api reports large dtaws across the board [199] => wti extends gains after api reports large d5aws across the board [200] => wti extends gains after api reports large d4aws across the board [201] => wti extends gains after api reports large drzws across the board [202] => wti extends gains after api reports large drsws across the board [203] => wti extends gains after api reports large drwws across the board [204] => wti extends gains after api reports large drqws across the board [205] => wti extends gains after api reports large draqs across the board [206] => wti extends gains after api reports large draas across the board [207] => wti extends gains after api reports large drass across the board [208] => wti extends gains after api reports large draes across the board [209] => wti extends gains after api reports large dra3s across the board [210] => wti extends gains after api reports large dra2s across the board [211] => wti extends gains after api reports large drawa across the board [212] => wti extends gains after api reports large drawz across the board [213] => wti extends gains after api reports large drawx across the board [214] => wti extends gains after api reports large drawd across the board [215] => wti extends gains after api reports large drawe across the board [216] => wti extends gains after api reports large draww across the board [217] => wti extends gains after api reports large draws zcross the board [218] => wti extends gains after api reports large draws scross the board [219] => wti extends gains after api reports large draws wcross the board [220] => wti extends gains after api reports large draws qcross the board [221] => wti extends gains after api reports large draws axross the board [222] => wti extends gains after api reports large draws avross the board [223] => wti extends gains after api reports large draws afross the board [224] => wti extends gains after api reports large draws adross the board [225] => wti extends gains after api reports large draws aceoss the board [226] => wti extends gains after api reports large draws acdoss the board [227] => wti extends gains after api reports large draws acfoss the board [228] => wti extends gains after api reports large draws actoss the board [229] => wti extends gains after api reports large draws ac5oss the board [230] => wti extends gains after api reports large draws ac4oss the board [231] => wti extends gains after api reports large draws acriss the board [232] => wti extends gains after api reports large draws acrkss the board [233] => wti extends gains after api reports large draws acrlss the board [234] => wti extends gains after api reports large draws acrpss the board [235] => wti extends gains after api reports large draws acr0ss the board [236] => wti extends gains after api reports large draws acr9ss the board [237] => wti extends gains after api reports large draws acroas the board [238] => wti extends gains after api reports large draws acrozs the board [239] => wti extends gains after api reports large draws acroxs the board [240] => wti extends gains after api reports large draws acrods the board [241] => wti extends gains after api reports large draws acroes the board [242] => wti extends gains after api reports large draws acrows the board [243] => wti extends gains after api reports large draws acrosa the board [244] => wti extends gains after api reports large draws acrosz the board [245] => wti extends gains after api reports large draws acrosx the board [246] => wti extends gains after api reports large draws acrosd the board [247] => wti extends gains after api reports large draws acrose the board [248] => wti extends gains after api reports large draws acrosw the board [249] => wti extends gains after api reports large draws across rhe board [250] => wti extends gains after api reports large draws across fhe board [251] => wti extends gains after api reports large draws across ghe board [252] => wti extends gains after api reports large draws across yhe board [253] => wti extends gains after api reports large draws across 6he board [254] => wti extends gains after api reports large draws across 5he board [255] => wti extends gains after api reports large draws across tge board [256] => wti extends gains after api reports large draws across tbe board [257] => wti extends gains after api reports large draws across tne board [258] => wti extends gains after api reports large draws across tje board [259] => wti extends gains after api reports large draws across tue board [260] => wti extends gains after api reports large draws across tye board [261] => wti extends gains after api reports large draws across thw board [262] => wti extends gains after api reports large draws across ths board [263] => wti extends gains after api reports large draws across thd board [264] => wti extends gains after api reports large draws across thr board [265] => wti extends gains after api reports large draws across th4 board [266] => wti extends gains after api reports large draws across th3 board [267] => wti extends gains after api reports large draws across the voard [268] => wti extends gains after api reports large draws across the noard [269] => wti extends gains after api reports large draws across the hoard [270] => wti extends gains after api reports large draws across the goard [271] => wti extends gains after api reports large draws across the biard [272] => wti extends gains after api reports large draws across the bkard [273] => wti extends gains after api reports large draws across the blard [274] => wti extends gains after api reports large draws across the bpard [275] => wti extends gains after api reports large draws across the b0ard [276] => wti extends gains after api reports large draws across the b9ard [277] => wti extends gains after api reports large draws across the bozrd [278] => wti extends gains after api reports large draws across the bosrd [279] => wti extends gains after api reports large draws across the bowrd [280] => wti extends gains after api reports large draws across the boqrd [281] => wti extends gains after api reports large draws across the boaed [282] => wti extends gains after api reports large draws across the boadd [283] => wti extends gains after api reports large draws across the boafd [284] => wti extends gains after api reports large draws across the boatd [285] => wti extends gains after api reports large draws across the boa5d [286] => wti extends gains after api reports large draws across the boa4d [287] => wti extends gains after api reports large draws across the boars [288] => wti extends gains after api reports large draws across the boarx [289] => wti extends gains after api reports large draws across the boarc [290] => wti extends gains after api reports large draws across the boarf [291] => wti extends gains after api reports large draws across the boarr [292] => wti extends gains after api reports large draws across the boare ) </h1> </body>