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Crude oil went up 2.5 % today on news of EIA inventory going...

  1. razman1983
    781 Posts.
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    11/02/16
    08:01
    Post #: 16991592
    Crude oil went up 2.5 % today on news of EIA inventory going down...then news came out that it was down due to a tanker being stuck offshore which means next week will be a huge inventory build. Oil then fell 2%. All markets were up then went to slightly red after Yellen started talking. Dow had a 300 point swing from highs closing -100. With China closed for a week, markets are extremely feeble.

    It's worth mentioning Brent stayed up 2%. I wonder which oil matters more...US or global.
    Last edited by razman1983: 11/02/16
    LNG Price at posting: 54.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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