Post by
Frank007 on Oct 23, 2019 4:27pm
market manipulation
pretty suspious that the eia oil report shows no decline in prodution yet the rig count has been down 9 weeks in a row ,,,,does not pass the smell test .....
Comment by
DONTGETFooled on Oct 23, 2019 10:35pm
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Comment by
thegreattimario on Oct 23, 2019 10:58pm
Massive lies happening right now at the direction of the trump administration. These guys are major criminals and eventually these lies will come back to haunt them!!!
Comment by
regardless on Oct 23, 2019 11:12pm
It's my belief that the API and iea numbers are fabricated or altered by the trump admin us oul production started to drop two months ago yet this is the first draw in two months all lies and it will bite them in the azz oil can run up drop of a hat and everyone will suffer
Comment by
Maxmoe on Oct 24, 2019 10:30am
I don't know how the inventory numbers are calculated but I do know the are seasonally adjusted or smoothed somehow. Anyone know the exact formulas? Anyone know how drawdowns AND builds with the strategic petroleum reserve are accounted for in this formula?
Comment by
mercatos on Oct 24, 2019 10:52am
Hey Maxmoe...dont know if you follow HFI but here is a link that may help answer some of your questions. https://seekingalpha.com/article/4298031-oil-pull-east-tanker-sanctions-explained
Comment by
Maxmoe on Oct 24, 2019 11:27am
Thanks for the link merc. Interesting read. I don't really understand the technical details or even if the conclusion is bullish for wti or not. No fault of the author! It doesn't address the SPR that trump has talked about releasing to cover any shortfall from Saudi production. I'll try some google searching but was hoping someone on the board had already done that.