When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SCO - Open Insights: EIA's Weekly Petroleum Report (06/05/20)
ProShares UltraShort Bloomberg Crude Oil
We took a brief hiatus from our weekly series Open Insights to update our oil thesis. Here are our most recent thoughts. We're now back to looking at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of June 5, 2020.
EIA reported a crude build of 5.7M barrels for the week, but this excludes a build of 2.2M barrels in SPR stocks as the US government continues to lease space to store crude. Net, we're looking at a 7.9M barrel build for the week. Imports increased from the prior week, and Saudi