Confirming API data overnight, DOE reports that while total inventories of crude rose less than expected (+234k vs +2.1mm exp.) Gasoline and Distillates saw a massive build once again. Gasoline invenrtories rose 8.44mm barrels (following last week’s 10.6mm record build) is the biggest 2-week inventory build in history. Crude has crashed back from overenight “China is buying oil” demand hopes.

This is the biggest 2-week gasoline inventory build in history

Worse still:

And crude is reacting how it should…

And then there is this:

And Production rose 0.13% in The Lower 48!