Tuesday, January 4, 2022

API Data: Crude Oil With A Significant Draw But Other Products Build -- January 4, 2022

This is interesting. Doing more with less? Demand destruction? Or perhaps simply seasonal? "Focus on Fracking," Sunday night, will address all of this. I will wait to see the EIA data to be released tomorrow. But apparently from the API today: link here.


2 comments:

  1. Low travel and commuting from 24DEC-31DEC. Also mild weather in most of the country, driving low heating oil consumption.

    Back to work this week. And the East done got cold.

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    Replies
    1. Yes, my last option,"simply seasonal," was probably the best thought. Agree completely with your assessment. Thank you for taking time to post.

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