Latest EIA report (today). http://ir.eia.gov/wpsr/overview.pdf Note that the implied SPR level is 635 million BBLS. I understand the capacity to be around 750 million BBLS.
Yes. Not quite clear at the moment. If lower - I'm not looking for a strong leg down today. My best bet for now is that the LOD is in and that we'll trade up towards 2810-20 by the Close.
Lots of drama right now at the 15.00 level. Reports of more production cut-backs could spark this market. However, the CME now showing options prices with negative strike prices is not a good sign.
Thats because today a total grind so far . I've been taking 3-5 pts on shorts a few times on 5 es .No chance to scale so i have to take bigger size up front . Grind days much tougher
I've been long and short, and i'm red! Luckily yesterday was very very green, so i'm not gonna lose sleep yet