The Saudi Oil Minister, Khalid Al-Falih, says that OPEC cuts have exceeded expectations of 1.5 million barrels of oil a day, but you would not know it by the jaw dropping 11.6-million-barrel crude oil increase reported by the American Petroleum Institute! Even with a bullish 5-million-barrel drop in gasoline supply, the largest weekly drop since April of 2014, and a supportive 2.9-million-barrel drop in distillates the shock value of that massive crude oil build was too hard to just shake off.