OIL INVENTORY REPORT: WHICH WAY WE GONNA GO?

Learn how 10 is Greater Than 90 with The Crosshairs Trader's new eBook. Get your copy today!

CRUDE OIL had a build of 5671K.  Consensus was for a build of 1750K.  BEARISH (AND WAY OFF THE CONSENSUS!)

GASOLINE had a draw of 944K.  Consensus was for a draw of 500K.  IN LINE 

DISTILLATE had a draw of 1170K.  Concensus was for a draw of  1000K. IN LINE 

The so-called consensus was fairly close estimating the GASOLINE and DISTILLATES  but the OIL numbers were way off and BEARISH. 

As usual, the trade will reveal itself later (if at all) after the initial emotions wear off.  The oil market (USO, XLE, OIH) is currently in a sideways range around major moving averages.  Will have to be patient for the next move.

See HELP WANTED: OIL INVENTORY ANALYST

Related posts:

1. WEEKLY OIL INVENTORY REPORT: BEARISH AGAIN?   CRUDE OIL had a build of 1645K.  Consensus was...
2. OIL INVENTORY REPORT: BEARISH? CRUDE OIL had a build of 2844K.  Consensus was for...
3. OIL INVENTORY REPORT: BEARISH AND/OR BULLISH? CRUDE OIL had a build of 4053K.  Consensus was for...
4. OIL REPORT CONTINUES TO EXHIBIT BEARISHNESS CRUDE OIL had a build of 3857K.  Consensus was for...
5. OIL INVENTORY REPORT: BULLISH AND BEARISH CRUDE OIL had a build of 3302K.  Consensus was...