Tuesday, June 19, 2018

API: US Crude Oil Inventories Fell This Past Week -- June 19, 2018

Link here.

Inventories fell 3 million bbls.

US crude oil inventories now stand at 430.6 million bbls according to the API. The EIA figures will be released tomorrow.

On another note, didn't Goldman Sachs say that with regard to the price of oil, we should expect "lower for longer"? Maybe that was someone else. Hard to keep track. Now, today, over at oilprice.com, "expect another bull run in oil." LOL.  Another day, another prediction.

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