Inventories see a "ninth straight weekly draw""Energy Information Administration (EIA) said crude inventories dropped 2.3 million barrels last week, versus forecasts for a 2.1 million-barrel decline. It was the ninth straight weekly draw."
Production has also been decreasing. So even with more imports (which reduces worldwide available inventory), we are still seeing a weekly draw?
Wall Street is mass buying oil, can't everyone feel that??
BTW This paragraph was just posted by a paid basher packaged this with a negative subject line. So it look like this professional basher is turning bullish?