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EIA Inventory Report Analysis 4-13-2016 (Video)

By EconMatters

 

Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have had a drawdown in Oil Stocks.

Mixed API Report and Doha Meeting Production Agreement in Play for Oil Market

Mixed API Report and Doha Meeting Production Agreement in Play for Oil Market

By EconMatters

 

We could have a bearish slant to tomorrow`s EIA Report, and some profit taking after today`s rally in the Oil Market. API reports 6.2 Million build in Oil Inventories.

https://www.youtube.com/watch?v=0LykOnsgjYc

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