Cushing inventories down 704k
The quite interesting day on the oil market is not over yet. OPEC managed to move the market both ways, but in the end no action led to lower prices, - before the DoE report oil was down -1.5 to -1.7% on the day.
The release of DOE report contradicts what we saw in the API numbers yesterday (see HERE), a high increase in stocks.
. Oil moves higher upon seeing the report.
Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.