UPDATE: API Crude Inventory +3.6M Barrels

November 15, 2016 4:35 PM EST

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(Updated - November 15, 2016 4:38 PM EST)

API Crude Inventory +3.65M Barrels

  • Cushing +1.1M
  • Distiallates +3M
  • Gasoline -155K

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Crude prices may not respond to inventory data
Maxander_D10@yahoo.com on 2016-11-15 16:40:11
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It is more likely that from last several years, there is too much correlation between crude oil prices & inventory data.
I think during Trump leadership, Crude oil prices are headed for super bull run & crude oil inventory data may no longer matter for prices.
I see crude oil headed towards $60-70 per barrel in nextb 3-6 months.

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