Crude Oil Inventories - Market Upset!
The latest U.S. Crude Oil Inventories came in at 3.889M, significantly higher than the forecasted -1.500M. This unexpected build suggests that there is currently a surplus of crude oil supply in the market, which could put downward pressure on oil prices. The higher inventory levels imply weaker demand or overproduction, both of which typically weigh on the market sentiment for crude. Traders will likely watch for further data or geopolitical developments that could impact the supply-demand balance and influence future price movements.
Trade closed: target reached
got a buck fifty out of oil 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.