10:30 EIA Petroleum report

The figures are out, but I'm not sure what consensus was. The initial knee jerk reaction was bullish, but quickly sold off, this trade usually takes 15-30 minutes to show clear direction so the intial knee jerk reaction doesn't mean a lot to me at this point. If you want to trade the move in USO, you might consider SCO for a short and UCO for a long.

Initial knee jerk bump higher was sold off.

USO has shown a little improvement since then. If I had to choose, I'd go with UCO with a tight stop.