Wednesday, 23 March 2016

Oil: A Bit Of the 'ol Pump and Dump

Following up on yesterday's "Oil - American Petroleum Institute (API) Data - Inventory Build +8.796 Million Barrels".
WTI $40.28, down $1.17.
From ZeroHedge:

Oil Pumps'n'Dumps As DOE Reports 2nd Biggest Inventory Build In A Year, Production Drops

Following last night's API-reported yuuge build in crude of 8.8mm
barrels (and draw in gasoline and Cushing - confirming Genscape's
earlier report

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