Crude Inventory Data Surprises With a Draw Down

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Crude Inventory Data Surprises With a Draw Down

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Crude Inventory Data Surprises With a Draw Down

by TheStreet.com Videos 2:24 mins

Crude is moving higher Wednesday as data surprised with a draw down of nearly 1.8 million barrels versus estimates of a build of 1.15 million barrels. From the floor of the NYMEX, Jeff Grossman of BRG Brokerage explains that while it is a surprise, the trading in crude and products overall was not that impressive. Grossman says he would wait to add exposure until technical and fundamental levels and indicators improve.

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