This morning's release of the weekly energy inventory report from the Department of Energy showed that crude oil inventories increased by nearly 2.8 million barrels, which was 1.8 million barrels more than expected. With inventories up by 2.8 million barrels for the second month in a row, they remain well above their historical average.
yeah, if MMs want, they can push up oil without any excuse. Today is the perfect example. It's basically the same report as last week, since today is Q3 OE, they push and pull it 5% anyway!
first of all, the gasoline inverntory was droping last week instead of rising, which was expected by analysts; Secondly, the revised GDP number also gave a lift of crude price.
too many shorters, including me, and this is the most important reason. I am hoping that crude will go to 62-66 soon. is it more like short-covering today?
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发表于 2009-9-30 03:59 PM
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