Thursday, February 23, 2017

Insane -- February 23, 2017

Crude oil reserves in US (from John Kemp via Twitter):



After tremendous builds the past two weeks (14 million and 9 million, consecutively) the build this past week was 0.6 million, essentially flat. Crude oil imports were down significantly. I guess that's why WTI is trending up today. US gasoline demand rose but still well below last year at this time.

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