KYHBKO
2023-01-12

The US crude oil inventory was expecting a -2.243 million (drop) in inventory but instead saw an increase of 18.962 million.

This meant that much lesser crude oil was consumed in anticipation of the market demand. This is bearish as it meant that manufacturers expected a much lower demand.

$WTI Crude Oil - Feb 2023(CL2302)$  

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Comments

  • boonluan
    2023-01-12
    boonluan
    oil drops , inflation drop
    • KYHBKO: 
      good observation. we need to know how much demand has dropped due to the various measures. this would have impact to the earnings
    • J288: 
      yea
  • Bons
    2023-01-12
    Bons
    recession to come?
    • BonsReplyKYHBKO: 
      if the recession is started with the economics slow down, probably it will smooth down the transition
    • KYHBKO: 
      recession is definitely on the way,  just how severe or mild.
  • Terence_5890
    2023-01-12
    Terence_5890
    h
  • 不死鸟.
    2023-01-12
    不死鸟.
    👌
  • Taylee
    2023-01-12
    Taylee
    👍
  • Pandaaa
    2023-01-12
    Pandaaa
    ok
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