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Thursday, April 6, 2023

Still Above 30 Days, But Trending Down Quickly -- Days Supply Of Crude Oil Excluding SPR -- April 6, 2023

Locator: 44321B. 

Link here.

Days supply of crude oil, commercial, USA:  down to 30.2 days from 30.8 days the previous week and 31.8 days prior to that.

Back in 2020, the first year of the "plague," days of crude oil in supply was trending toward an astounding, record-setting 45 days.

Still, anything greater than 21 days (three weeks) is not bullish for oil investors, and we would need to trend toward 14 days (two weeks) to get some folks excited. 

In the big scheme of things, there is so much conflicting data with regard to crude oil and fuel (gasoline and diesel).

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The January 6, 2021 Storming Of The Capitol

It would be interesting to know more about the background of the those who participated. Of most interest: where they went to elementary school.

Was this the kuklos klan without hoods?

An absolutely fascinating book. 

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