Reply #22: One would still need to rely on selling those stocks to mark a profit. [View All]

[ozymandius]

Stockpiles of oil and gasoline normally go down this year for structural and market conditions. Structurally: refineries shift from automobile fuel production to heating oil production. This causes refineries to drop their productive capacity while modifications are being made to the equipment. There will be a draw on gasoline stocks to the tune of about 8 to 9 million barrels per day here in the U.S. under any circumstances.

I would expect the rally to fizzle when new economic data is released in early to middle January.