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Another Big Oil Draw (Video) - FINANCIAL-24

August 15, 2017
Another Big Oil Draw (Video) - FINANCIAL-24 - about commodities, about EconMatters, about Investing, about Oil Market, about Trading, about Video, FINANCIAL-24, we has prepared this article well for you to read and retrieve information in it. Okay, happy reading.

Another Big Oil Draw (Video) - FINANCIAL-24

By EconMatters


We discuss the API Report after the close tonight which showed another big oil drawdown, and an overall strong report. The market sentiment is really bearish right now, fading a lot of solid EIA Reports. At what point do oil traders ask themselves if they are still stuck on last year`s trade? Is the Oil Market not only rebalanced, but actually in deficit right now?


  2016-Feb02/05 470,676   02/12 472,823   02/19 476,325   02/26 486,699       
  2016-Mar03/04 490,843   03/11 492,160   03/18 501,517   03/25 503,816       
  2016-Apr04/01 498,598   04/08 505,232   04/15 507,312   04/22 509,311   04/29 512,095   
  2016-May05/06 508,487   05/13 509,797   05/20 505,571   05/27 504,205       
  2016-Jun06/03 501,844   06/10 500,911   06/17 499,994   06/24 495,941       
  2016-Jul07/01 493,718   07/08 491,172   07/15 488,830   07/22 490,501   07/29 491,914   
  2016-Aug08/05 492,969   08/12 490,461   08/19 492,962   08/26 495,238       
  2016-Sep09/02 480,725   09/09 480,166   09/16 473,966   09/23 472,084   09/30 469,108   
  2016-Oct10/07 473,958   10/14 468,711   10/21 468,158   10/28 482,578       
  2016-Nov11/04 485,010   11/11 490,284   11/18 489,029   11/25 488,145       
  2016-Dec12/02 485,756   12/09 483,193   12/16 485,449   12/23 486,063   12/30 479,012   
  2017-Jan01/06 483,109   01/13 485,456   01/20 488,296   01/27 494,762       
  2017-Feb02/03 508,592   02/10 518,119   02/17 518,683   02/24 520,184       
  2017-Mar03/03 528,393   03/10 528,156   03/17 533,110   03/24 533,977   03/31 535,543   
  2017-Apr04/07 533,377   04/14 532,343   04/21 528,702   04/28 527,772       
  2017-May05/05 522,525   05/12 520,772   05/19 516,340   05/26 509,912       
  2017-Jun06/02 513,207   06/09 511,546   06/16 509,095   06/23 509,213   06/30 502,914   
  2017-Jul07/07 495,350   07/14 490,623   07/21 483,415   07/28 481,888       
  2017-Aug08/04 475,437   



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