Crude oil            

                Started by Jim_M - Aug. 7, 2019, 11:46 a.m.            

Trump got his low crude oil prices, looks like the bottom is falling out because of the reaction to more tariffs.  Producers can't be too happy though.  OPEC in particular.  I think if prices went south slowly, they would have time to prepare, but we've lost what is getting to be close to $10 in not quite a week.  If this continues, we might some more bankruptcies.  

Jim,

For some reason the MarketForum is not allowing any responses to your original crude thread, so I started a new one here for you. It might be related to silverspiker having some sort of mental meltdown and bombarding our sight with a couple dozen gibberish/unitelligible posts.

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UPDATE 1-U.S. crude stockpiles rise unexpectedly as imports soar - EIA

https://www.reuters.com/article/usa-oil-eia/update-1-us-crude-stockpiles-rise-unexpectedly-as-imports-soar-eia-idUSL2N2530PK

NEW YORK, Aug 7 (Reuters) - U.S. crude oil stockpiles rose last week after nearly two months of declines as imports jumped to their highest since January, while gasoline and distillate inventories also grew as refiners ramped up production to their highest rate this year so far, the Energy Information Administration said on Wednesday. 

Crude inventories rose 2.4 million barrels in the week to Aug. 2, compared with analysts’ expectations for a decrease of 2.8 million barrels. 

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U.S. Crude Oil Inventories

   Latest Release  Aug 07, 2019   Actual2.385M    Forecast-2.845M     Previous-8.496M

              https://www.investing.com/economic-calendar/eia-crude-oil-inventories-75