FYI: After what has so far been a disastrous month for crude oil, prices are getting a bit of a bounce today after some production comments from Saudi Arabia and a bullish inventory report from the Department of Energy (DoE). According to this week’s inventory report, crude stockpiles fell by 4.2 million barrels last week, which was more than 5 million barrels below consensus estimates.
Regards,
Ted
http://www.bespokepremium.com/think-big/