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    AK
    ak1
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    Yesterday we had a Crude oil inventories (weekly change) report. How do you derive a conclusion? If inventories decrease does it mean a move up on S&P and viceversa?????
    Crude oil inventories (weekly change) Previous:2.8 M barrels Actual:1.7 M barrels .
    NE
    NewKid
    Rep: 16,470
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    I would highly doubt that. I am sure that there is some correlation but I would not say 1:1. For example today there was other news that drove the S&P up more than the crude itself.
    AK
    ak1
    Rep: 858
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    So NewKid do we classify these Oil reports as non significant for large moves in S&P?