RE:RE:Eia and inventoryJnewsted wrote: SigmaKappa wrote:
If they show a withdrawal could be the first time in a bit crude is below 500mm inventory. Things are definately changing in the market.
Was surprised at the market acting like a bunch of scared little children yesterday. That whole sales job by the media that any draw over the last month was going to come right back new week seems to still be working.
But, everyone and their dog knows imports are going to be hammered in next weeks report. That nasty Hurricane is just going to linger across the entract to the gulf. No way in, no way out, gonna mess up shipping veyr badly both ways.
Just an FYI relating to the hurricane:
https://www.nhc.noaa.gov/refresh/graphics_at4+shtml/203708.shtml?5day#contents
it's projected to have a 180 degree turn back downwards after running up the east coast. Looks like it's going to come back down right in the path of ships on their way to/from the gulf.