Sunday, July 17, 2022

Days Of Crude Oil Supply Increases -- Excluding SPR -- July 17, 2022

Link here

25.9 days.

Up from 25.8 days.

Days of supply = supply projection - demand projection.

If supply increases and demand decreases, days of crude oil in storage will increase.

The decrease in volume in SPR storage is irrelevant, though analysts would like you to believe otherwise.  

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