Oil bulls have it again after a good set of inventory stats

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Two up days in a row and the bulls have it, especially after a pretty good set of inventory stats, for crude that is… The EIA showed a stock draw of 4.9m barrels which was indeed meaningful and particularly on the Gulf coast where refinery utilisation was 95%. For products, things are taking a turn for the worse, and remember gasoline stocks are still actually higher than this time last year and distillates much higher. Bulls also took pleasure from the Far East where more positive news from

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