Comment by
Re1ndeer2 on Sep 25, 2024 11:14am
. Total commercial petroleum inventories decreased by 14.6 million barrels last week...
Comment by
robert41 on Sep 25, 2024 11:53am
I guess the big question is will it ever matter? Doesnt seem too.
Comment by
Lousnews on Sep 25, 2024 12:05pm
WTI down regardless of the current demand stats. Wondering what bone the algos are chewing on today? I got nothing...
Comment by
Jimmy1page on Sep 25, 2024 12:38pm
It's the Chinese economy as usual
Comment by
Re1ndeer2 on Sep 25, 2024 12:06pm
. Total commercial petroleum inventories decreased by 14.6 million barrels last week...
Comment by
Lousnews on Sep 25, 2024 12:21pm
From what I'm reading (HFI Research) The EIA is carrying a chunk of WTI export numbers forward. I suspect they are hoping for a week with a build to apply that against in order to soften the impact of what a huge draw of 14.6 million barrels would have (although zero impact is also possible the way oil is currently trading these days).