This page has been archived and commenting is disabled.
Crude Prices Pump'n'Dump After 6th Consecutive Inventory Build & Surge In Production
Crude oil algos traders are buying WTI despite DOE reporting the 6th consecutive weekly inventory build in US crude stocks (confirming API's build at 2.8mm barrels). Furthermore, for the 3rd week in a row, US crude production rose (back to one-month highs)... and then the humans appeared to read the DOE report and the selling began.
Another weekly build in US crude inventories...
And for the 3rd week in a row production rose...
And crude rallies...
And then the humans read the report...
Charts: Bloomberg
»
- 194 reads
- Printer-friendly version
- Send to friend
- advertisements -
War in the Middle East is heating up. Why would crude prices not jump?
Dozens of Islamist Saudi Arabian clerics have called on Arab and Muslim countries to "give all moral, material, political and military" support to what they term a jihad, or holy war, against Syria's government and its Iranian and Russian backers.
It's time for Putin to react to Saudi Arabia's overt support of ISIS
http://www.reuters.com/article/2015/10/05/us-mideast-crisis-saudi-cleric...
This is a joke ass, broke ass, trick ass, mark ass market like every other one. ZH will have plenty to write about because crude just like metals just like other markets are going to blitz higher then step down an elevator shaft over and over again.
I believe it was James Turk who said it ( at least I heard it from ) that a top wobbles most when it slows down. As we slow down to an inevitable crash, we can only expect more volatility, with the assholes who caused this catastrophe making the most money while the unwashed masses shit their britches.
Humans?
Yea, more like some conflicting data just got resolved in the programs.
Inventory total is 483mill barrels. Compare w/ 2015 top back in April around
492mill barrels. Refinery capacity utilization at 88.7%. Compare w/ 95-96%
during peak driving season in July/Aug. Ten inventory reporting periods remain in 2015.
No worries, The crazy fucker Lindsey Graham will help get oil prices up when he does his part to force WWIII:
https://youtu.be/ZHXIUppbOQE
Hopefully he remains at zero on his poll numbers. It reflects his IQ and appeal to even GOP voters. If elected this man would sleep with a big red button, drooling all over it as he waxed it to a high gloss every day. I am sure even his deviant sexual fantasy's have a big red button in them.
The domestic oil and gas sector is not going to be able to shrug off a mild winter, and it appears were are getting a mild winter in the US Northeast and Midwest and Northwest:
http://www.accuweather.com/en/weather-news/us-winter-forecast-2015-2016-...
Do you actually believe these reports matter? When Russia goes belly up, the real fun begins and oil prices will rise like obamas approval rating lol
I think you have that backward ole chap, when America goes belly up the real fun begins and oil prices will rise like the vaule of real things, while the dollar hyperinflates. Obama and anyone who likes him are my enemies, they are devoid of moral fiber, charachter, self worth, and brain wave activity.
This on the back...of RECORD LOW IMPORTS...RECORD!!!
Nothing says recovery like a complete collapse of energy use.
Woohooo!! Going 26, here we come..!!!