Oil Invenories – Are They Telling Us Anything?
Posted on June 09, 2010 at 11:16 AM EDT
Oil and Gas invetoriy numbers were released this moring. Inventory drawdowns in oil were heavy, but gasoline inventories, while seeing a drawdown, were not at expectations. This could mean that demand for gasoline is not there or that there was a significant build due to production. The latter would appear to be more likely as [...] Related posts: Newmont Mining (NEM) – Good as Gold Hot Coal Companies in A Cold Winter (PCX) (CNX) (BTU) China is Ramping Up Coal Reserves – Consol Energy (CNX) to Benefit