Results

The Bears scored a big victory with the Fuels Markets on Wednesday. And with the DOW. And the S&P 500. And the Nasdaq. And the Russell 2000. And Cryptocurrencies. And Silver. And this author’s IRA. Fears of inflation and the Federal Reserve’s potential response pounded the markets. Adding to Energy’s woes, the EIA report defied expectations with a build of 1.3MM barrels of Crude versus an expected decline of 2.9MM. Refined product inventories were distorted by demand from plastic grocery bags filled with gasoline and other Colonial panic-stricken behavior during the past week. Thursday the weekly jobless information will be released at 8:30 AM EDT.