Crude Inventory Data Surprises With a Draw Down
Jeff Grossman of BRG Brokerage says he would wait to add exposure to crude until technical and fundamental levels and indicators improve.
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.
