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Today's reported decline in crude oil stocks of 10.6M barrels is the largest weekly draw since...

  • Wednesday, December 21, 2011, 10:48 AM ET
    Today's reported decline in crude oil stocks of 10.6M barrels is the largest weekly draw since February 2001, notes ZH (date here). Crude continues higher, but a bit off the spike following the news, with one barrel of WTI costing $98.78. USO +1.5%. Exxon (XOM +1.2%) is among the oil firms getting a boost.
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    Uhhhhh . . . inventory draws for LIFO and ad valorem taxes in TX and LA. Probably nothing to get hot about.
    21 Dec 2011, 11:11 AM Reply Like
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