Huge CL move tomorrow/Wed

Quote from increasenow:

what I think is that there will be a HUGE move up or down tomorrow for CL...here's why..the report that comes out at 10:30AM EST will move it up or down big time...what do you think?
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How did you fare? Decent pop right after the release, but actually a fairly tame day all things considered...

The fact that RBOB only finished up 350 points from yesterday's settle and couldn't break 21700 is welcome news from a consumer's perspective (actually only up 280 now as I type), but I am a bit surprised by the fact that it didn't finish stronger given the magnitude of the drawdown in gasoline stocks this early in the year. Hopefully this is more a reflection of the switch from winter to summer grade and we will see a steady stream of builds in the weeks to come...we need them, and if we don't get them get ready for a summer of eye popping pump prices.
 
Quote from PJKIII:

How did you fare? Decent pop right after the release, but actually a fairly tame day all things considered...

The fact that RBOB only finished up 350 points from yesterday's settle and couldn't break 21700 is welcome news from a consumer's perspective (actually only up 280 now as I type), but I am a bit surprised by the fact that it didn't finish stronger given the magnitude of the drawdown in gasoline stocks this early in the year. Hopefully this is more a reflection of the switch from winter to summer grade and we will see a steady stream of builds in the weeks to come...we need them, and if we don't get them get ready for a summer of eye popping pump prices.
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it'll get there tommorow, i have no doubt.
 
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