• Last week inventories rose 3.52m barrels
  • Gasoline stocks rose 1.56m barrels vs -0.60m expected
  • Stockpiles at Cushing down 0.612m barrels

WT crude oil is plunging today, down $1.72 to $99.56/barrel. Prices a few cents lower immediately after a release but only a few cents.

I made the case for oil shorts on Monday and I’m beating myself up for missing the trade.