Tuesday, August 6, 2019

Notes From All Over, Part 3 -- August 6, 2019

Norway's wealth fund to dump Big Oil. Never mind. From Bloomberg. Apparently it depends on the definition of "Big Oil" and "dump."

Ouch: WTI drops almost 2% today, down over a dollar / bbl, closing at $53.63.

API weekly crude oil inventory numbers (link here):
  • expectations: a 2.848-million bbl draw
  • actual, as reported by the API: a 3.4-million bbl draw
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