Crude Oil Inventories, Prices

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Published : February 25th, 2015
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FOLLOW : Bubble Eclipse Oil
Category : Opinions and Analysis

Not having looked at the graphic below that is updated weekly by the Department of Energy as part of their This Week in Petroleum publication, I was kind of shocked (for pretty obvious reasons) to have stumbled across it this morning.

Markets did a good job of signalling what was to come late last year as shown below.

Of course, that’s pretty much the end of the story…

Let’s all now watch the Nasdaq eclipse its internet bubble high from early-2000 as some foreign stock markets also notch fresh records in what can only be described as a “job well done” by the world’s central banks…

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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