WTI spikes at close today
Posted: Wed Mar 04, 2015 2:53 pm
apparent short covering at settle time due to (as reported on cnbc)
-less than expected build at cushing
-consensus in the trading pits that cl has seen its bottom
-more refinery capacity due to upcoming maintenance completions
(increase in stroage being blamed on the decrease in capacity due to that maintenance)
-upcoming memorial day driving season.
-less than expected build at cushing
-consensus in the trading pits that cl has seen its bottom
-more refinery capacity due to upcoming maintenance completions
(increase in stroage being blamed on the decrease in capacity due to that maintenance)
-upcoming memorial day driving season.