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Tuesday, August 20, 2019

Another "Surprise" Draw -- It's Always A Suprise -- Forrest Gump -- August 20, 2019

"Surprise crude oil draw fails to lead WTI higher." -- oilprice.
  • an inventory draw of 3.45 million bbls
  • analyst expectations: a 1.889-million-bbl draw (note the false precision)
I can't get too excited about this; would this really move the needle? Nah....

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