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IBDvalueinvestin (98.29)

Shocking Demand for Oil last week. Inventory Data: Crude shows massive draw



August 19, 2009 – Comments (1) | RELATED TICKERS: SGY , GXP

DOE Inventory Data: Crude shows massive draw
Dept of Energy reports that crude oil inventories had a draw of 8397K (consensus is a build of 1200K); gasoline inventories had a draw of 2177K (consensus is a draw of 1000K); distillate inventories had a draw of 650K (consensus is a build of 700).

1 Comments – Post Your Own

#1) On August 19, 2009 at 11:06 AM, IBDvalueinvestin (98.29) wrote:

This further rise in Oil will only cause SGY earning estimates to maintain the rapid pace they have been rising.

 Earnings Estimates Explode upwards at SGY

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