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Below are the first sentence from a MarketWatch report on the...

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klu

551 Posts.

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26/10/17

12:26

Post #: 28215180
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Originally posted by bweerniedeed ↑

Am I missing something here or is Oil Price being perversely bearish? Have the refiners gone into maintenance and wouldn't their unused gas stocks be counted in inventory antway? Like clockwork Oil Price has a bearish angle everttime the POO rises?
QUOTE: Yesterday, for example, after the API reported a draw of 5.75 million barrels in gasoline stockpiles, versus analyst expectations of a 2.3-million-barrel decline. This decline, again, is more likely a result of lower refinery activity than an increase in production but traders are apparently oblivious to the causes behind inventory movements as long as these movements are in the right direction.

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Below are the first sentence from a MarketWatch report on the API data, just to show how hard the broker try to mislead the readers:

"API data reportedly shows hefty rise in U.S. crude supply, but gasoline stockpiles drop" ... "U.S. crude supplies rose by 519,000 barrels" ... "showed a drop of 5.8 million barrels".

"519,000 barrels" is a 'hefty rise', while "5.8 million barrels" is merely a "drop".

Last edited by klu: 26/10/17

STO Price at posting: $4.33 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.79		Change -0.040(0.59%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$6.85	$6.86	$6.77	$34.22M	5.035M

Buyers (Bids)

No.	Vol.	Price($)
2	16991	$6.79

Sellers (Offers)

Price($)	Vol.	No.
$6.80	104270	4

View Market Depth

No.	Vol.	Price($)
4	129176	6.920
6	233123	6.910
9	295156	6.900
11	303505	6.890
4	129828	6.880

Price($)	Vol.	No.
6.940	107742	9
6.950	424616	27
6.960	247191	13
6.970	73167	4
6.980	17507	1

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