Commodity Trade Mantra

Posts Tagged ‘Crude Inventories’

Oil Slides As Inventories Trump Iran-Yemen Push-Pull

The crude oil rally due to airstrikes on Yemen, reversed the sell-off that occurred in part on the rising odds of a deal with Iran being reached. Both events may have negligible near-term supply impacts, with the build in crude inventories set to continue in 2Q15. It appears today’s weakness indicates a dawning realization that there’s still too much.

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