Sign in to follow this  
Followers 0

EIA most important number.

Recommended Posts

Like most of you I anticipate the EIA's Summary of Weekly petroleum data each Wednesday @ at 10:30 ET. The news media reports increases/decreases only on the crude number, however it would seem to me that that the last sentence in paragraph 3,  ( Total commercial  Petroleum Increase/decrease for the week ) would be a more important indicator of an overall build/draw. I have noticed over several years that crude oil prices do not necessarily respond logically to these reports, makes one wonder what the commercials,hedgers and global traders are looking at and where they access their data. I thought perhaps some of you more experienced might shed some light on this investing subject.   

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0