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  • Crude-oil supplies jump 6.8 million barrels: EIA

    From marketwatch.com

    Oil futures dropped on Wednesday following weekly data from the U.S. Energy Information Administration showing a jump in crude supplies that was about three times more than expected. The EIA reported that crude stockpiles for the week ended Oct. 4 rose 6.8 million barrels. Analysts polled by Platts were looking for a climb of 2.2 million barrels. Gasoline supplies rose 100,000 barrels, while distillate stockpiles fell 3.1 million barrels, the EIA said. Gasoline stockpiles were expected to rise 1.3 million barrels, while forecasts called for a decline of 1.9 million barrels for distillates. Following the latest data, ... (full story)

This is not a fact now, we are waiting for the FOMC minutes.
  •  Guest
  • | IP XXX.XXX.3.3
what u think will be the next target of crude
120 usd per barrel
  •  Guest
  • | IP XXX.XX.3.204
103 and then 104 after fomc
  •  Guest
  • | IP XXX.XXX.185.5
Mkj111 u think always a big numbers in oil and gold
  •  Guest
  • | IP XXX.XX.3.204
no chance on 120 any more this year but in current situation 103 or 104 is easy because inventory data is too strong and good thats why more chance of crude oil tonight become bullish
inventory of oil is not a good data 6.8 means oil is more than our production needs so I think oil not in a bullish .its comes down and g0 99 $ in next month
i'm short on daily.
for me under 103.8 go to 97 - 95 - 92 in this year.

based only on tecnical

under 92 go 86
103? 104? 120!!!!! this is going below 100 guys. alot of downward pressure. Inventories are likely to keep on rising. this time of the year most of the refineries will be shut down for a certain time due to maintenance.
lets see 120 ist or 92 ist?
Quoting Teoz
i'm short on daily.
for me under 103.8 go to 97 - 95 - 92 in this year.

based only on tecnical

under 92 go 86
under 86 go to 70, under 70 go to 50? huh!!!!
  •  Guest
  • | IP XX.XXX.249.60
Quoting mkj111
under 86 go to 70, under 70 go to 50? huh!!!!
And next year, it'll be FREE !!

Buy a gallon of gas and they'll give u a NEW CAR !!

Can't say I am surprised. I noticed how quickly the trend changed throughout the summer.

I have a monthly target of 99, which shouldn't be an issue. Curious if we'll see 95 or lower by end of year.

Growth forecasts, more so in emerging markets, will drive crude lower.
When the facts change I change my mind, what do you do sir
Quoting mkj111
under 86 go to 70, under 70 go to 50? huh!!!!
under 86 i'm out
My medium term target is 85, which should be very possible if Syria plays ball (that's a big IF). Though we might see a small bounce from here due to Fed's short term dovishness.
I agree, and Siria is the big question....
Quoting Subdude
My medium term target is 85, which should be very possible if Syria plays ball (that's a big IF). Though we might see a small bounce from here due to Fed's short term dovishness.
I agree, and Siria is the big question....
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  • | IP XX.XX.14.81
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