BREAKING: US CRUDE STOCKS FELL AGAIN, AND OIL IS ALREADY CRUSHING THE ECONOMY. THIS IS BAD NEWS FOR THE MARKET. EIA Crude Oil Inventories: -1.892M barrels. Expected: +0.1M. Previous: -3.06M. That is the fourth draw in a row. US stocks fell by about 16.7 million barrels in four weeks. Supply is getting tighter, while oil is already near $100. And oil is already hurting: → US gasoline rose 9.1% in September alone → US CPI is at 3.7% → Producer prices jumped 1.3% in one month → Euro area energy prices are up almost 19% → Consumers expect 6.1% inflation over the next year Every barrel that leaves storage keeps the price high. And a high oil price hits everything: transport, food, factories and your wallet. Stocks and crypto do not like this. 12 years in these markets. This is what I do. Follow me and turn notifications on.