Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

[No-Quarter]

This week could be the pivot up.

Washington announced Monday export sanctions against Venezuela.

API reported a crude oil inventory build of 2.098 million barrels for the week-ending January 25. Analysts were looking for a build of 7.97 million barrels.

API also reported a build in gasoline inventories for the week-ending January 25 in the amount of 2.2 million barrels. Analysts had priced in a build of 4.050 million barrels.

Distillate inventories increased last week by 211,000 barrels, compared with an expected draw of 617,000 barrels.

And this morning, this news came out -

About 20 tons of gold from Venezuela's central bank was ready to be hauled away Tuesday on a Russian airline's Boeing 777 that landed in Caracas a day earlier, a Venezuelan lawmaker wrote on Twitter.
The destination of the $840 million in gold bars was unknown, but a source told Bloomberg News that it represented about 20 percent of the country's holding of the metal. The gold was set aside for loading, the report said.

Source here -

https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown