Crude Inventories Break 10-Week Streak Of Increases [Teucrium Crude Oil Fund, RBS Oil Trendpilot ETN] - Seeking Alpha
This is an excellent article about how weekly crude oil inventories are falling. This has come after a 10-week rise in inventories. If you are wondering why some oil companies are selling off now, declining oil inventories could be one reason. Another reason could be the bad weather in the central and northern parts of the country, particularly in the Bakken area of North Dakota. Oil executives probably know their production is going to be down, and they know the quarter results will not be as good as previously. Thus, you may need to check the Form 4 reports of bearish oil stocks to see if the officers are selling. Then, get yourself out of the stocks before things get worse.
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