RE:RE:Inventoriestorotoro wrote: That is a rare EIA being the outlyer away from the estmate, compared to API.
That is, in a word, bullish.
Initial pop in WTI, followed by sell the news.
If this fails to move the WTI shorts to trim, I see a short-term drop in WTI, as no amount of price positive stimulous has an upward impact on the price, meaning buyers are exhausted.
However, that is inverse to the macro trend of oil continueing to show sharp supply draws, while oil rigs remain in a reduction cycle due to the low WTI price of Q3 to Q2.
As for CPG, it is largely in a world of its own, too distracted by tax selling to pay much attention to macro trends in the price of oil.
Please shut the f**k up and stop making your stupid short-term predictions. Nobody has a crystal ball. Go take your meds now.