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Oil Inventories Drop Unexpectedly, Sending Futures Higher
Bloomberg News ^ | April 6, 2016 | Investor's Business Daily

Posted on 04/07/2016 1:24:05 AM PDT by Mr Apple

Oil climbed after U.S. crude inventories unexpectedly dropped from the highest level in more than eight decades.

(Excerpt) Read more at investors.com ...


TOPICS: News/Current Events
KEYWORDS: crude; inventories; oilfutures
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To: Mr Apple

manipulation - the oil industry’s strong suit


21 posted on 04/07/2016 5:52:12 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: phil1750
We went from $1.37 @ 30 days ago to $1.89 in about two weeks.

Last week we went from $1.89 up to $2.29 overnight.

Last night, I saw gas for $2.19.

There's a distinct pattern going on where I live: Gas takes a 30-40 cent price hike within days, drops 10-12 cents a gallon, then goes up 20-30 cents a gallon again.

I can't wait to see how close we get to $3/gal as they switch from winter to summer blend around here ....

Gawd I hate Illinois.

22 posted on 04/07/2016 6:01:03 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: RegulatorCountry
We’re at $1.95 here in NC.

You can thank your liberal politicians for that. NC is a high gas tax state.

23 posted on 04/07/2016 6:17:27 AM PDT by The_Media_never_lie (Ted Cruz was the man!)
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To: broken_arrow1; 4yearlurker; phil1750; The_Media_never_lie; SunkenCiv; GOPJ; stephenjohnbanker; ...
"A lot of geologist, geophysicists and engineers are losing their jobs, and the companies themselves are just trying to survive."

Two of the guys from my university are looking for a job right now. Both are 'land men' and they both think they'll find no job opportunities in their field any time soon. One is about to start his first week as a assistant manager of a shoe store in a strip mall. My other friend has already taken a job as a country club swimming pool life guard. They both have kids in college and both are desperate to keep their kids in school. Tough times these are in the oil patch.

24 posted on 04/07/2016 1:00:28 PM PDT by Mr Apple (Congressman Barton speaks following Lakeview tour https://www.youtube.com/watch?v=59J0i3LNoY8)
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To: RegulatorCountry

Oh, I drive a 6.2L Silverado so I wouldn’t know about that :)


25 posted on 04/07/2016 4:55:05 PM PDT by snoringbear (E.oGovernment is the Pimp,)
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To: Enlightened1

Kuwait says it expects OPEC to freeze production. April 17 meeting coming up. That plus the drop in reserves equal rise in price. Probably won’t last.


26 posted on 04/07/2016 5:22:57 PM PDT by Chaguito
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To: snoringbear
What do you drive?

'98 Volkswagon, 12 gallons x $1.74 here in Houston

27 posted on 04/07/2016 10:22:07 PM PDT by Mr Apple (Congressman Barton speaks following Lakeview tour https://www.youtube.com/watch?v=59J0i3LNoY8)
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