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Oil Jumps 4% as Crude Stocks Fall After Hurricane Zeta Disruptions

CommoditiesNov 04, 2020 03:23PM ET
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Oil Jumps 4% as Crude Stocks Fall After Hurricane Zeta Disruptions
 

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Comments (9)
Me comment
Me comment Nov 04, 2020 4:08PM ET
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Short lived inventory fall next week inventories will be up as the offshore rigs kick back in, plus oil rig count keeps increase hence more production.
Chuck Tupa
Chuck Tupa Nov 04, 2020 1:34PM ET
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no news is good news then?
saeid gharavi
saeid gharavi Nov 04, 2020 12:25PM ET
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Hello. very nice and very very good 👍
saeid gharavi
saeid gharavi Nov 04, 2020 12:25PM ET
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I can't speak English sorry. very nice and very very good
BOB MM
BOB MM Nov 04, 2020 11:48AM ET
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this website should work harder, when oil go to $39, they will say something like "we cannot see $40 anytime soon"; when oil go to $40, they will say "$40 oil is not enough for shale producer"
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BOB MM
BOB MM Nov 04, 2020 11:48AM ET
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Barani Krishnan  which I said were all your articles, and I'm pretty sure you'll write more trash like these, just go ahead, lol
BOB MM
BOB MM Nov 04, 2020 11:48AM ET
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Barani Krishnan   you can see here how many people agree with me, we all read enough trash articles on this website
Barani Krishnan
Barani Krishnan Nov 04, 2020 11:48AM ET
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BOB MM  Go get some coffee and chill. As I said in my reply to you last night -- since you are so busy trying to tro.ll me instead of being focused on your positions -- get this: the market doesn't always move the way you want. For oil to continue rallying, OPEC needs to be shedding more; that hits the bottomline of the petroeconomies. Learn, Han Mei, learn about the economy before you let off another volley. Educate yourself on the flows of the market. Also, lookout for developments in the Mideast (i.e. Iran) should the US political situation change. This will make you a better trader instead of being just fixated on buy, buy, buy, long long long, up, up up :)
IceIce Baby
IceIceBaby Nov 04, 2020 11:48AM ET
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Barani Krishnan  Coffee will spin him up more.
Barani Krishnan
Barani Krishnan Nov 04, 2020 11:48AM ET
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IceIce Baby  Yes, it just might.
perplexed76 .
perplexed76 . Nov 04, 2020 11:06AM ET
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trum sold a little to china. Production is 11,1mln, consumption low.
Astrix Soy
Astrix Soy Nov 04, 2020 11:02AM ET
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please also mention what this means for the stocknmarket.
Astrix Soy
Astrix Soy Nov 04, 2020 11:01AM ET
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please also mention what this means for the stocknmarket. seems like your theory has no outcome...LOL
Ankit Vatsa
Ankit Vatsa Nov 04, 2020 11:01AM ET
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If the stockpile goes down certain thresold, oil prices will increase as there is demand for supply and to maintain the stockpile level.
Joseph Gonzalez
Joseph Gonzalez Nov 04, 2020 10:40AM ET
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What does this mean for thr gas prices?
BOB MM
BOB MM Nov 04, 2020 10:38AM ET
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so your next article will be "inventory draw is not enough to save oil price", right? lol
David Bennett
David Bennett Nov 04, 2020 10:38AM ET
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so true.. 12 weeks of drawdown, nothing happens to oil. I week of a build....drops $5.00. market manipulation. forget the middle east cartel, we have a much worse one here in the US.
Tony Coll
Tony Coll Nov 04, 2020 10:38AM ET
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