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5% - 10% profit per day trading
- Thread starter spanish89
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the big wigs must've all agreed 49.00 is a great price to buy oil
on what basis.............thats why sometimes oil mkt just amazes me........on what fundamentals............16yrs inventories............compainies cant shut down wells bcos they seriously need the cashflow to keep running their business eventhough this wells are fast becoming un economical.
yes i know we traders but sometimes i find it difficult .............usman u remember i said this is where my challenges are........this sector pays my bill
yes i know we traders but sometimes i find it difficult .............usman u remember i said this is where my challenges are........this sector pays my bill
so another day of crude oil basically ignoring supply reports. made half of what i normally make today. i was too stubborn on that short from earlier.
guys I am out on urgent work and just back.
can you update me quickly where in trade people are , long /short and entry price
can you update me quickly where in trade people are , long /short and entry price
not much happened after you left IV. market just wobbled around a little bit. 49.00 is becoming a monumental barrier
NEW YORK -- U.S. crude-oil inventories in the week ended April 10 rose by far more than analysts expected, according to data released Wednesday by the U.S. Department of Energy.
Crude stockpiles shot up 5.6 million barrels to 366.7 million barrels, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 2.1 million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles fell 900,000 barrels to 216.5 million barrels, compared with an average survey estimate of a 500,000-barrel drawdown.
Distillate stockpiles fell 1.2 million barrels to 139.6 million barrels, more than analysts' forecasts of a 700,000-barrel draw.
Refinery use fell by 1.4 percentage points to 80.4% of capacity, defying expectations of a 0.3 percentage point increase.
U.S. Oil Inventories For week ended April 10 :
Crude Gasoline Distillates Refinery Use
EIA data: +5.6 -0.9 -1.2 -1.4
Forecast: +2.1 -0.5 -0.7 +0.3
Figures in millions of barrels, except for refining capacity, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
Crude stockpiles shot up 5.6 million barrels to 366.7 million barrels, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 2.1 million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles fell 900,000 barrels to 216.5 million barrels, compared with an average survey estimate of a 500,000-barrel drawdown.
Distillate stockpiles fell 1.2 million barrels to 139.6 million barrels, more than analysts' forecasts of a 700,000-barrel draw.
Refinery use fell by 1.4 percentage points to 80.4% of capacity, defying expectations of a 0.3 percentage point increase.
U.S. Oil Inventories For week ended April 10 :
Crude Gasoline Distillates Refinery Use
EIA data: +5.6 -0.9 -1.2 -1.4
Forecast: +2.1 -0.5 -0.7 +0.3
Figures in millions of barrels, except for refining capacity, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
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