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September 10, 2016

EIA Oil Inventory Report Analysis 9-10-2016 (Video)

By EconMatters

I expect at least a 4 to 5 million barrel build in oil stocks for the next EIA Inventory report this upcoming week. If we have another drawdown in Oil Stocks that will perk my radar up for a possible rebalancing turn in market fundamentals. The next two weeks oil reports should iron out any weather related distortive effects in the market. Oil may open lower on Sunday with the poor market lead in for Asia Markets.

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Item Reviewed: EIA Oil Inventory Report Analysis 9-10-2016 (Video) Rating: 5 Reviewed By: EconMatters