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

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.
Comments (1)
  • tedakai@aol.com
    , contributor
    Comments (20) | Send Message
     
    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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