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Analysis

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API weekly crude oil stocks increased by 11.938 million during the week ending 3rd April, even more than the already high expectations, putting more pressure on OIL price that fell around 9% to 23.65$, helping to push down futures previous gains.

Yesterday, US Jobless Claims came in at an astonishing 3.283.000, the highest number in records for this 56-year old-time series, more than four times bigger than the previous high of 695k in Oct 1982 and – for statistic lovers – at about 30 standard deviation (get out of here you black swan!)