Expect Cheap Gas Into 2015 As Supply Is Highest In A Decade

WTI Tumbles After EIA Inventories Surge To 6-Month Highs

Submitted by Tyler Durden on 12/24/2014 – 10:58

WTI Crude is down over 3.5%, dropping back towards $55 – dismissing yesterday’s dead-cat-bounce deja vu – as EIA inventory builds more than expected at 7.27 million barrels (biggest build in 2 months to 6-month highs). This is the largest inventory for the time of year in at least a decade.