API today
Posted: Tue Sep 15, 2015 4:11 pm
reported an inventory draw of 3.1 mb and a cushing drop of 1.3mb---very bullish during shoulder season.
This reported "draw" is probably just a correction of last week's report. Remember, these weekly reports are just their best guess.
Regardless, it is bullish for the sector. I believe oil supply/demand is tightening much faster than Wall Street thinks, which is obvious from last week's Goldman Sachs report (an obvious ploy to drive down oil prices).