RE:EIA Data................not that bad
You could say crude was dropping 10 to 8 to 6 this week. There were all the higher numbers as well, but the way the traders work in New York, I thought they migh go bullish again as they don't seem to know what to do.
I am surprised COS held up so well today.
Seriously, the world is awash in oil. I do think COS will be in trtouble this year as oil stays low, but so far my predictive powers have alluded me, so if you want to remain bullish, good luck.