We Are Drowning In Crude Oil & I Doubt That Will Change Anytime Soon

[ByLoSellHi]

In fact, oil to $25 is a rather distinct PROBABILITY at this point.

Anyone care to comment on today's inventory numbers with a dash of macroeconomic conditions thrown in for good measure?


Thanks.

 

[Landis82]

China's YEAR OVER YEAR 6.8% GDP report for the last quarter is "bogus" and not at all accurate for where they currently are. Roubini points out a lot of statistical error in reporting a "year over year" number like that and says that they are more likely to be at ZERO or even NEGATIVE GDP right now.

A +6.1 build in Crude today was a WHOPPER!

They were only expecting +1.9
Same thing with Gasoline, but Gasoline also came in at +6.5

Wow!
Wow!!!
:eek:

 

[Rtrader2525]

natty expected at 155 to 165 tommorow, any guesses on what itll come in at

 

[Landis82]

Refinery Utilization rate came in -1.9% from previous week.

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/wpsr.html