Around The Barrel – Crude Oil and Gasoline Outlook

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  • #20805
    TradersCom
    Keymaster

    EIA reported a draw in crude oil storage…

    [article]1532[/article]

    #20857
    TradersCom
    Keymaster

    WTI down at $51.30 on very ugly EIA report: Build up inventories everywhere and record high US production at 12.4 mbpd…crude imports by 1m more.

    Vrasidas Neofytou @ExclusiveVras

    #20858
    ThePitBoss
    Participant

    Thats one heck of a bearish report – the expert forecasters have been horribly wrong (worse than usual) one wonders if a special adjustment coming the other way.

    The flood of gasoline hasnt hit consumer prices yet – POTUS gets that and he may be happy!

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