WTI/RBOB Tumble - Erase 'Bullish' Inventory Data Gains

The bulls got pretty much everything they could have hoped for - big inventory draws in all products and record high product demand - however, it appears it took the machines a little longer to read down the report and spot the fact that production soared to new cycle highs... and WTI/RBOB prices are tumbling...

Comments

NoWayJose Jul 6, 2017 6:30 PM Permalink

Happy to buy oil services stocks here. If the stock prices stay down, it means I get $2.00 gas. If gas prices go to $3, I get big time stock gains. I think the globalists are playing a game on oil prices, and will turn the UP switch on soon.