Avoid Oil Futures ETFs, Buy Equities Like XLE

September 02, 2015

Gasoline inventories fell by 0.3 mmbbl against the five-year average of a 1.3 mmbbl decrease. Gasoline inventories now have a surplus of 2.4 mmbbl, or 1.1 percent. Distillate inventories rose by 0.1 mmbbl against the five-year average of a 0.5 mmbbl increase. In turn, the distillate surplus now stands at 7.6 mmbbl, or 5.4 percent.

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