Expectation
Oil Falls to Below $85 on Speculation U.S. Stockpiles Gained
Oct. 24 (Bloomberg) -- Crude oil fell in New York to below $85 a barrel on expectations that a U.S. government report today will show an increase in oil and gasoline stockpiles.
Realization
Crude Oil Rises After Report Shows Unexpected U.S. Supply Drop
Crude oil supplies fell 5.29 million barrels to 316.6 million barrels last week, the report showed. The drop left stockpiles the lowest since the week ended Jan. 5. A gain of 963,000 barrels was expected, according to the median of 16 responses in a Bloomberg News survey.
Stagflation until something breaks, and if we're really lucky, more stagflation even then! Woohoo!
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