We Are Drowning In Crude Oil & I Doubt That Will Change Anytime Soon

Discussion in 'Commodity Futures' started by ByLoSellHi, Jan 22, 2009.

  1. In fact, oil to $25 is a rather distinct PROBABILITY at this point.

    Anyone care to comment on today's inventory numbers with a dash of macroeconomic conditions thrown in for good measure?

  2. China's YEAR OVER YEAR 6.8% GDP report for the last quarter is "bogus" and not at all accurate for where they currently are. Roubini points out a lot of statistical error in reporting a "year over year" number like that and says that they are more likely to be at ZERO or even NEGATIVE GDP right now.

    A +6.1 build in Crude today was a WHOPPER!

    They were only expecting +1.9
    Same thing with Gasoline, but Gasoline also came in at +6.5

  3. natty expected at 155 to 165 tommorow, any guesses on what itll come in at