difficult... APIS just came out bearish. 8.9 total US crude build, Cush built 2.36M, P2 up 2.8M, P3 up 3.3M. Products wise, gasoline drew 1.6M and Disty drew 2.4M. EFTA_R1_01418480 EFTA02391969 OIL VOLS Quiet day in the vol markets. Vols sold off as flatprices barely budged. We saw some small int

st bought there. However, along w a bid N Sea window, BRE spreads rallied. Gasoline was weak versus BRE again as the stats showed a sizeable build. Disty on the other hand in the US was bid as we got an unexpected draw as well as due to NG also heading higher due to Weather forecasts for end of Decemb

st bought there. However, along w a bid N Sea window, BRE spreads rallied. Gasoline was weak versus BRE again as the stats showed a sizeable build. Disty on the other hand in the US was bid as we got an unexpected draw as well as due to NG also heading higher due to Weather forecasts for end of Decemb

nd show a 4M US draw, with 3.1M of that in P3. P2 built 1M and Cush built=500K. Products were quite bearish however, with gasoline building 6.9M and=Disty building 9.1M 4p> qp> Oil Vols A little unusual day in vol world today. We started =he day with vols bid through the curve as WTI broke $50 level