RE:RE:OIL INVENTORIES / OVER DOUBLE EXPECTATIONSI may be wrong .. but I must speak my mind ...
Why are we being fed this BS ?.
Do we believe everything we’re told? …
Don’t we verify what we read ?
Todays release detailed breakdown is at. ….
https://ir.eia.gov/wpsr/overview.pdf
If We Comparing todays release with Feb 11 numbers
01) - At the top Todays document shows Commercial (Excluding SPR) as – 434.1mn barrels
This checks out as it’s up …. 21mn BBL since Feb 11
02) - Down a little in the list, they show Total Stocks as 1,179mn
This doesn’t check out as it’s ONLY up 1mn barrels since Feb 11
03) - Down a little more in the list, they say - Domestic Production 9,285mn,
( Units in thousands of barrels. )
*** Domestic production doesn’t check out as it’s only up 59 thousand barrels since Feb 11
So … whats the problem with this ? Where did I go wrong ?
Comparison these values from Fen 11….
On Feb 11, this value .1) was 413.1mn-
On Feb 11, this value .2) was 1,179mn
On Feb 11, this value .3) was 9,226mn,.....
Al42 wrote: Strange Oil is holding up after another big build, Actually it's up 40 cents!!
Let see if it holds up today.