Comment by
Marty57 on Oct 23, 2024 11:58am
EIA report is on the bearish side for sure, but much less so when you figure in that Net Imports were 6.4 MBbl higher than last week, and an adjustment factor of 5.2 MBbls had to be thrown in to make the numbers balance with that reported level of inventory build.
Comment by
Moemoney42 on Oct 23, 2024 12:32pm
The large discrepancy in the IPA and EIA numbers makes me laugh.. how is anyone supposed to take these numbers seriously..!! It's just more noise for the traders to swing trade.. nothing more of subsantial data to change demand at the ground level IMO