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Tuesday, May 23, 2023

Parting Shot -- May 23, 2023

Locator: 44734WTI.   

Huge draw today (API data).

If corroborated by EIA tomorrow ... whoo-hoo!

Reminder: government no longer releasing (much) oil from the SPR.

Saudi sounds like they have had enough with sub-$80 oil.

US driving season around the corner.

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