Disliked{quote} EIA: US CRUDE OIL STOCKS INCREASED BY 2.4 MILLION BARRELS 25 September 2019, 17:33 The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 2.4 million barrels in the week ending September 20 compared to analysts estimate for a draw of 250,000 barrels. The market reaction to the EIA report was relatively muted and the barrel of West Texas Intermediate was last seen trading at $55.90, losing 1.5% on a daily basis. Key takeaways from the press release...Ignored
...this is why Saudi Arabia (or the OPEC) can't afford to release some type of false flag report for long periods of time about its oil capacity production to pump-up the price. It doesn't work anymore as the USA will cope up with international Oil (energy) demand. More so, despite Oil export embargo, Iran is using sophisticated ship-to-ship Oil transfer with China.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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