RE:If oil inventories dropped today, why did oil drop? I have my reasons why. I would like to hear yours. Thank you.
Pretty much in line with expectations, end of story. What I find interesting is that gasoline was 1 million barrels above expectations. The demand just isn't there! They keep refining but nobody is using it to go to their part-time jobs. Oil has no business being at $105, $104, or even $100. Holding out for $95.