Energy Inventories Show Large Drawdown; Could Signify a Pause in the Rally
[?]
Submitted By Knobias ClipReport
Thursday’s session saw oil at the attention forefront of most media pundits. The weekly inventory data released by the Department of Energy showed a drawdown of 8.8 million barrels. The drawdown was the largest since 2004 and had many believing $150 barrel oil was in sight following the announcement.
