Article By:
Douglas Gammons
Saturday, April 6, 2024 4:50 PM EDT
The PMO appears to be near the bottom of its range, and the momentum indicator of the advance/decline line has turned lower. This would indicate that most stocks are experiencing a short-term pullback in price.
WTI Extends Gains After Sizable Crude Inventory Draw, Shrugs Off Unexpected Product Builds
$FANG $XOP $USO OK so we had EXACTLY the right #'s IF you just add the higher gasoline build to ESTIMATES versus the HIGHER crude DRAW to estimates. Basically the ESTIMATES really got it EXACTLY RIGHT! Crude -5.36mm (-3.3mm exp) Cushing +741k Gasoline +2.51mm (-1.1mm exp) Distillates +1.585mm (-1.6mm exp)