GREY:LSTMF - Post by User
Comment by
highrider1on Dec 31, 2014 11:38am
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Post# 23275638
RE:RE:Inventories
RE:RE:Inventories " highrider1 " said .....
highrider1 - (12/31/2014 10:35:54 AM) RE:Inventories At least inventories dropped in the U.S. this week but not helping too much. Everyone now knows that what the other countries end up doing in respect to selling more oil ( instead of less ) is what is really going to make the difference as far as the price of oil is concerned Everyone can see how true this is. Right after the decline in inventories came out this morning oil had a nice " uptick " but has now quickly reversed it's upward trend and is declining once again as seen below.
After the inventory was released she jumped up to $53.92 but now has dropped back down into the $52's and on above average volume..
NYMEX Crude Oil (Near Future) As of 31 Dec 2014 at 11:28 AM EST.