CHART OF THE DAY: Lower #Oil For Longer

Editor's Note: Below is a brief excerpt from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here to become a subscriber today.

Then I got lucky as the lead supply story on Oil for the last 3-6 months (rising Oil production) hit the tape:

1. The API reported domestic crude inventories increase another 12.2MM barrels week-over-week
2. That was basically the biggest sequential increase we’ve seen through this whole downturn
3. A DOE number in that area code (10:30AM EST today) would be the biggest sequential ramp since DEC 5^th, 2014