from King World News
With the Dow surging along with the dollar, today 3 veterans share crucial updates on major markets.
Here is a portion of today’s note from Art Cashin: Conflicts And Causes In Oil Inventories – Last night, my good friend and fellow trading veteran, Jim Brown over at Option Investor, wrote this on crude inventories:
Tomorrow is all about earnings and oil. The API inventories tonight showed a 6.2 million barrel build and WTI traded about 70 cents lower at $41.50 but then stabilized to wait on the EIA numbers on Wednesday morning. Cushing inventories declined -1.5 million barrels because the 590,000 bpd Keystone pipeline was halted for seven days. That pipeline flows into Cushing Oklahoma.