Around The Barrel – Crude Oil and Gasoline Outlook

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  • #20187
    TradersCom
    Keymaster

    EIA reported crude oil storage Draw -3862k bbls…

    [article]1420[/article]

    #20211
    TradersCom
    Keymaster

    WTI #CL_F May Futures Jump 70 cents to Hit $60 after the EIA reported a huge crude oil storage Draw -9589k bbls. #Gasoline drew -4587k bbls & draw of 4127k bbls in distillates
    Took an hour or so, wasn’t instant, one market is doubtful and the shale revolution continues, with production up 100k to the record high of 12.10 mbpd.

    One wonders why Trump is so silent we are $3 higher than his last tweet and KSA been ramping up the rhetoric

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