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API Reports Draw
Posted: Tue Jun 11, 2024 3:59 pm
by Cliff_N
API report out this PM:
Oil Inventories DOWN -2,428,000 BARRELS
Gasoline -2.549 million
Cushing -1.937 million
Re: API Reports Draw
Posted: Tue Jun 11, 2024 6:46 pm
by dan_s
Tomorrow should be interesting if EIA report confirms these draws. HFI Research forecast a small build, but thinks EIA has been reporting crude oil inventories too high for months and needs to correct their numbers.
The rally in natural gas prices has been impressive. Might be a bit ahead of itself.