Crude Oil Storage Report - Nov 23

[dan_s]

CRUDE OIL INVENTORY'000 bbls (Week Ended 11/18/16)

Current: 489,029
Actual Build/(Withdrawal): (1,255)
Economist Average Estimate: 290
Previous: 490,284

This is mildly bullish, but all eyes are now on OPEC. If they announce an agreement to curb production, oil should quickly move over $50.

[dan_s]

Read: http://www.oilandgas360.com/crude-oil-n ... kly-draws/