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  • Crude Oil Inventories Surge For 7th Week In A Row To Record Highs Amid Record Production

    From zerohedge.com

    Oil prices dumped (last night's major 8.9 million barrel inventory build from API), pumped (the Saudi minister claiming "demand is growing" - which just seems like total fiction given economic backdrops and China's VLCC count plunge), and then this morning, dumped setting the scene for this morning's EIA inventory data. Against expectations of an 8 million barrel build, crude inventories saw a 8.43 million barrel build (5 times higher than the 5 year average). Record levels of production and record total inventrory sent WTI plunging out of the gate but it is stabilizing for now... US Crude oil inventories US Oil ... (full story)

  • #1
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  • Feb 25, 2015 11:03am Feb 25, 2015 11:03am
no wonder u/c went down...... LOL
  • #2
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  • Feb 25, 2015 12:01pm Feb 25, 2015 12:01pm
hmmm yet Brent and WTI oil rallied up a 100 points
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  • Feb 25, 2015 12:22pm Feb 25, 2015 12:22pm
it seems now if you have more supply price goes up. I think Adam Smith just flipped in his grave
hope for the best and expect the worst.
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  • Feb 25, 2015 3:19pm Feb 25, 2015 3:19pm
  •  Trader#EEE6
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Well there is a refinery strike in the US...
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