Tuesday, January 7, 2020

About That Huge US Crude Oil Draw Last Week -- January 7, 2020

Comments, questions, observations at this link.

About that huge crude oil draw last week: from a reader --
That big draw was due to record exports...a blowout, too: almost 900K bpd higher than the previous record.
https://rjsigmund.files.wordpress.com/2020/01/january4th2020usoilexportsasofdecember27.jpg

Comment: I completely missed it. And I bet most Americans completely missed it. From the EIA, monthly and weekly exports: