API Crude Oil Stock numbers just out.This isn't good, too much surplus for having SPR finishing plus the US largest Oil refinery has been back online along with Colonial #3 Line now for a couple of weeks so having another surplus will really question just how slow the US economy is getting and with GDP & Durable Goods Orders up to bat Thur any number that comes in lower will give Oil a serious punch but for now deal with what we have and that's too much Oil so tread lightly. We'll see how the US traders deal with confirmation from EIA tomorrow at 10:30am. It seems that each time Oil gets to $82 the US pounds it down that last serious one was Jan 18 ended up hitting $78 from $82.
US API Crude Oil Stock 