RE:Hurricane Nicole Nessrookie wrote: Looks like if it does make land fall it will be the Carolina again. But another storm disrupting shipping shipping. Guess the question becomes are the actual sales of oil just being diverted elsewhere in the world. It's not like the US doesn't have the stuff in store right now. Since only official inventory numbers that come weekly and perhaps these could actually be permanent draws in the US and not just temp. (Doesn't change the world number). But it does change the number traders actually focus on?
It will be interesting to see if they come out with expectations of a draw this time instead of the continual expectations of a build.. I think if they do then thats bullish for oil for sure.