The DOE reported a HUGE buildup in crude oil inventory of 10.44MM, with expectations of only 7.9MM and bigger than API’s 9.9MM, crude oil sold off initially, then exploded higher. Look at today’s action on a 5 minute chart:
The DOE reported a HUGE buildup in crude oil inventory of 10.44MM, with expectations of only 7.9MM and bigger than API’s 9.9MM, crude oil sold off initially, then exploded higher. Look at today’s action on a 5 minute chart: