Another Huge "Surprise" Crude Oil Build -- API -- November 26, 2019

The least "interesting" data point, at least for me, all week is the API US crude oil inventory estimate.

It's always a "surprise" it seems.

And, today, no "surprise." No surprise that it was another "surprise" build. API estimates US crude oil inventory grew by 3.64 million bbls vs a forecast of a small draw (less than half-a-million bbls).

But it is what it is. We're all waiting for the EIA data which will be released tomorrow morning. WTI held above $58, closing at $58.23/bbl.

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All Politics

One of the more "respected" pollsters has just come out with a new national democrat presidential nomination poll. Link here, Quinnipiac, 11/21 - 11/25.

Most notable: only one contender polls at zero percent. Zero percent. Steyer.