EIA Petroleum Report Review 10-16-2016

We check out the EIA Report of this past week. Inventories will determine which way we break out of this recent consolidation range in the oil market. Whether we are about to start rebuilding these inventories again is the big question for traders.


We check out the EIA Report this past week in this video, Inventories will determine which way we break out of this recent consolidation range in the oil market. We have worked off some of the excess oil inventories on the Gulf Coast, but whether we are about to start rebuilding these inventories again is the big question for traders. EIA reports back on Wednesday this upcoming week.

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