Drowning in Crude

- October 27th, 2010

Seekingalpha.com reports that department of Energy showed a huge increase of 5.007 million barrels of crude oil.

Seekingalpha.com reports that department of Energy showed a huge increase of 5.007 million barrels of crude oil.

The editorial is quoted as saying:

Gasoline inventories, on the other hand were down 4.387 million barrels versus expectations for a build of 625 thousand barrels. Finally, distillate inventories were down 1.613 million barrels, which was slightly more than the forecast for a draw of 1.5 million barrels.

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