Crude inventories reaction

Excelentj

Junior member
25 0
Hi Team,

I've noticed that Oil starts rallying after higher inventories have been announced.
Like today for example 3.6mio expected but figure was 8.4mio ... more than double.
Is my perspective of supply and demand out of wack?
 

Martinghoul

Senior member
2,690 276
No, but there was also a comment from the Saudi oil minister, which seems to have been taken as more significant than the inventory accumulation (which, I guess, is perceived to be old news).
 
 
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