Weekly Petroleum Status Report out Today at 10:30 am ET.
Report Likely to Add Nervousness to Market
Keep your eyes on the Gasoline Stocks. They are currently below the average range of inventories as depicted in last weeks chart. If gasoline inventories drop again by any significant amount look for this data to apply upward pressure on oil prices. This is a time when inventories should be trending higher ahead of the Memorial Day weekend.
Report Likely to Add Nervousness to Market
Keep your eyes on the Gasoline Stocks. They are currently below the average range of inventories as depicted in last weeks chart. If gasoline inventories drop again by any significant amount look for this data to apply upward pressure on oil prices. This is a time when inventories should be trending higher ahead of the Memorial Day weekend.
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