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OIL INVENTORY REPORT: BULLISH AND BEARISH

David | March 25, 2009 | 0 Comments

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oil on scale11 OIL INVENTORY REPORT: BULLISH AND BEARISH

CRUDE OIL had a build of 3302K.  Consensus was for a build of 1100k.  BEARISH

GASOLINE had a draw of 1144K.  Consensus was for a draw of 650K.  BULLISH

DISTILLATE had a draw of 1584K.  Concensus was for a draw of 100K. BULLISH

 

The so-called consensus was fairly close estimating the GASOLINE numbers, but the OIL and DISTILLATES leave something to be desired. Looks like two for the bulls and one for the bears.

See HELP WANTED: OIL INVENTORY ANALYST

TRADING IS WAR.  PREPARE YOUR WEAPONS.

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