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Wednesday, June 19, 2019

OIL SEES INVENTORY DRAW DOWN

“The oil panic selling, that is!”

Oil inventories gave a needed boost today for price, with a reported draw down
… the FED was pretty much a non affair as far as oil is concerned, and here near
the close, another subpar day’s range right around $1 … look for more of this as
we limp into the OPEC+ meeting, where it now looks like July 10 -12, instead of
next week … got to get all the dictators & thugs in line first.

Still no relief from Coinexx, who continues to abandon its 2 - 3 cent spread in oil,
as we continue to see 4, 5, or 6+ cents almost constantly … very disappointing
they can’t maintain an honest market.

Onto tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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