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benfrankledger

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benfrankledger

Re: mick post# 3834

Wednesday, 01/24/2018 1:45:37 AM

Wednesday, January 24, 2018 1:45:37 AM

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$UWT A Bloomberg survey estimates that the crude oil inventories at Cushing could have declined by 2.3 MMbbls (million barrels) on January 12–19, 2018. The EIA will release its crude oil inventories report on January 24, 2018.

Any decrease in Cushing inventories has a positive impact on oil (USO) (SCO) prices. WTI oil (DBO) prices are near a three-year high. It favors funds like the Vanguard Energy ETF (VDE), which has exposure to US energy stocks.

https://marketrealist.com/2018/01/cushing-inventories-hit-january-2015-low

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Skype: JettLoneStar Twitter: JettLoneStar

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