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Oil Price Fixing Speculators - crude stockpiles grew 614,000 barrels
The API added that Cushing crude oil inventories rose by 528,000 MMbbls (million barrels) from December 16–23, 2016. Read Cushing Crude Oil Inventories Could Pressure Crude Oil to learn more.
EIA’s crude oil inventories
The API’s report on Wednesday will be followed by the EIA’s (U.S. Energy Information Administration) weekly crude oil inventory report on December 29, 2016. The data will be for the week ending December 23, 2016.
http://www.wsj.com/articles/oil-prices-steady-ahead-of-u-s-stocks-data-1483008015
OPEC's cutting takes month's to kick in and what they say may never happen, they could not cut at all, this is price fixing by speculation for wall-street profit, not price and demand!
