U.S. Crude Supplies Unexpectedly Decline

Crude stockpiles fell 553,000 barrels last week, according to the Energy Information Administration. A 2 million barrel gain was forecast by analysts surveyed by Bloomberg, and a 4.75 million barrel increase reported Tuesday by the industry-funded American Petroleum Institute.

WTI for December delivery rose 11 cents to $50.07 a barrel at 10:35 a.m. on the New York Mercantile Exchange. Brent for December settlement slipped 13 cents to $50.66 a barrel on the London-based ICE Futures Europe exchange.

As of 10/26/2017, for Speculative accounts only, I reiterate Bullish signal on the out of the money 1/20/2017 $7 calls selling for $0.41.

Also, I reiterate, for Speculative accounts only, purchasing the out of the money 1/20/2017 $225 puts on LMT for $1.80.

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