Oil Continues To Be Stuck In No-Man's Land And What Needs To Happen To Change That
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EIA reported a bullish oil storage report today with the crude draw coming in slightly higher than our estimate (-9.6 million bbls vs -8.29 million bbls). Oil prices reacted positively to the report but remain stuck in no-man's land.
Oil Continues To Be Stuck In No-Man's Land And What Needs To Happen To Change That
Oil Continues To Be Stuck In No-Man's Land…
Oil Continues To Be Stuck In No-Man's Land And What Needs To Happen To Change That
EIA reported a bullish oil storage report today with the crude draw coming in slightly higher than our estimate (-9.6 million bbls vs -8.29 million bbls). Oil prices reacted positively to the report but remain stuck in no-man's land.