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  • U.S. crude supply down 4.4 million barrels: EIA

    From marketwatch.com

    Oil futures climbed above $106 a barrel Wednesday after the U.S. Energy Information Administration’s report showed a bigger-than-expected decline in crude supplies. The EIA reported that crude stockpiles for the week ended Sept. 13 fell 4.4 million barrels. Analysts polled by Platts were looking for a decline of 1.5 million barrels. Gasoline supplies also fell 1.6 million barrels, while distillate stockpiles were down 1.1 million barrels, the EIA said. Gasoline stockpiles were expected to be unchanged, while forecasts called for an increase of 1 million barrels for distillates. Following the latest data, October ... (full story)

so we will again see 110 level in next week
Quoting safdarhashmi
so we will again see 110 level in next week
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It would be really great of you guys who post such information that what would be its impact on market and some expected targets. Thanks
let see
Quoting Zerd
Trend down
Quoting Zerd
Trend down
Yeah good luck with that.
The trend is clearly up, my friend. You might get lucky with some nimble shorts but in the larger scheme of things, I expect crude to be headed up, along with equities.
I have no clue what I'm talking about.
Better get that fracking in everyone's back yard up to speed, or go on more HOILY crusades. Those hummers don't drive themselves. And the electric car hasn't got a hope in the USA
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
tapering and interest rate policy from MR Ben Bernanke tonight.. would that have any affect i wonder..
phewww good thing i squared my short before going out at 105.7 ish...wud have been mojoed by now otherwise.
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