nice.
I think it's done. Looking for 110. flat currently and don't really care if it gets there. i'll trade it either way.
CL Redux
- Thread starter schizo
- Start date
nice.
I think it's done. Looking for 110. flat currently and don't really care if it gets there. i'll trade it either way.
Platts expect this week Inventory Report ( tomorrow EIA report ) as:
a) Crude-oil stocks to have fallen by -2.6 MM ,
b) gasoline +0.8 MM ( build) ,
b) distillate +1.9 MM (build)
http://www.marketwatch.com/story/oi...ead-of-supply-data-2013-07-23?dist=lcountdown
a) Crude-oil stocks to have fallen by -2.6 MM ,
b) gasoline +0.8 MM ( build) ,
b) distillate +1.9 MM (build)
http://www.marketwatch.com/story/oi...ead-of-supply-data-2013-07-23?dist=lcountdown
http://www.marketwatch.com/story/oil-up-in-electronic-trade-after-api-supply-data-2013-07-23
the draw downs seem to be normalizing. But i'm ignorant as to how all this works... so over the last month we have been having huge draws because the kink in the supply chain leave Cushing was relieved. My question is where were refiners getting oil from before this was fixed? If there isn't some huge demand by end users will supplies just start building again?
the draw downs seem to be normalizing. But i'm ignorant as to how all this works... so over the last month we have been having huge draws because the kink in the supply chain leave Cushing was relieved. My question is where were refiners getting oil from before this was fixed? If there isn't some huge demand by end users will supplies just start building again?