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OIL INVENTORY REPORT

David | March 18, 2009 | 0 Comments

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oil on scale1 OIL INVENTORY REPORTCRUDE OIL had a build of 1942K.  Consensus was for a build of 1500k.

GASOLINE had a build of 3195K.  Consensus was for a draw of 1500K.

DISTILLATE had a build of 112K.  Concensus was for a build of 1000K.

 

The so-called consensus did pretty good estimating the OIL numbers, but the GASOLINE (!) and DISTILLATES leave something to be desired. Very bearish numbers for gasoline.

 

See HELP WANTED: OIL INVENTORY ANALYST

TRADING IS WAR.  PREPARE YOUR WEAPONS.

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