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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.


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2 comments:

  1. AnonymousJanuary 5, 2022 at 4:20 PM

    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.

    ReplyDelete
    Replies
    1. Bruce OksolJanuary 5, 2022 at 4:25 PM

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

      Delete

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