Forecast came false

Did US Oil Inventories Decline Last Week?
30 august 2015

Will the US Energy Information Administration report that America's crude oil inventories fell last week when it posts its weekly report on Wednesday?

Answered:
9 people

Did US Oil Inventories Decline Last Week?

Agreed
6 people
Disagreed
3 people

Forecast came false

Rose by 4.7 million barrels, but EIA now sees US oil output at slightly lower levels than previously expected and that is expected to decline marginally through mid-2016 which will help support prices.