RE: RE: Anyone buying HODVery tempting, but would have to hold over the weekend for a possible replay of last Monday. Wednesday's EIA report is decidedly negative; if things turn south when the preliminary US Bank 'stress tests' are released, I'd be very tempted to pull the trigger. Thoughts? glta
U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 3.9 million barrels from the previous
week. At 370.6 million barrels, U.S. crude oil inventories are above
the upper boundary of the average range for this time of year. Total
motor gasoline inventories increased by 0.8 million barrels last week,
and are above the upper boundary of the average range. Finished gasoline
inventories fell last week while gasoline blending components inventories
increased during this same time. Distillate fuel inventories increased by
2.7 million barrels, and are above the upper boundary of the average range
for this time of year. Propane/propylene inventories increased by 0.6 million
barrels last week and are above the upper limit of the average range. Total
commercial petroleum inventories increased by 11.3 million barrels last week,
and are above the upper limit of the average range for this time of year.
https://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt
Note: Above link changes weekly (10:30pm on Wednesdays)