$OXY $Occidental(OXY)$ Looks like SPR report has been updated. 7.7M Bbl released the first week of October. With the oversupply (vs 1Mbpd pace), it should lead to a build of inventory, but it’s also possible refineries bought extra, early last week, when crude was cheaper.
No API or EIA for an extra day due to the holidays. Waiting game for more oil sector news, then the big CPI report Thursday…. Giving up on guessing how the market reacts to anything anymore. Crude down, but O&G sector up. At least OXY is still red (barely). Go figure.
GLTA!
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