Absolutely Amazing How Storage Can Increase So Quickly At Cushing -- CBR And New Pipelines

EIA oil atats: crude dn 400k b, but Cushing dn 1.9 mil b. Distillates down 500k, gasoline up 800k. Runs dn 1 pct point to 91.3%.

Price of oil: up 50 cents; reversing downward trend.

Trending today:

• GDP not a good number, though it could have been worse
• China says they will keep their economy humming 
• everything points to continued Fed stimulus
• market responds - now up almost 100 points