Forecast came false

Will US Oil Inventories Increase Next Week?
22 august 2015

Will the EIA report that US inventories rose last week when it issues its weekly update on Wednesday? America's oil rig count has climbed for the past five consecutive weeks while planned and unplanned refinery outages have held back domestic refinery runs, but US oil production is expected to decline through 2016 and imports could come in lower than expected so we will have to see.  

Answered:
12 people

Will US Oil Inventories Increase Next Week?

Agreed
10 people
Disagreed
2 people

Forecast came false

Finally, a nice surprise decrease as oil inventories fell from 456.2 million barrels to 450.8 million barrels.