WTI Surges As Crude Stockpiles Drop Sharply

Discussion in 'Technical Analysis' started by Kaitlin, Sep 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    As if the API's estimate for a 12 million barrel drawdown in US stockpiles wasn't eye-catching, the official EIA data, released today, has surprised even the most optimistic of forecasts. The 14.5 million barrel decline was the biggest fall since 1999 and oil prices have absolutely soared higher. The good[​IMG]

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