OMG! Let’s See If EIA “Confirms” Tomorrow — August 1, 2023

Locator: 45280OIL.

Link here.

My hunch: one of several things happens tomorrow — if numbers above are confirmed overnight:

• the weekly EIA report is delayed;
• the weekly EIA report is released with third paragraph redacted;
• SecEnergy Granholm meets with Jim Cramer on CNBC at 8:00 a.m. to announce another record SPR release; says “all is well”; Cramer indicates Americans are back to traveling and says there’s always a bull market somewhere … and today it happens to be CVX and OXY;
• SecEnergy Granholm announces that she would like to spend more time with her family;
• Donald Trump is indicted and everyone forgets about oil;

Later, 4:47 p.m. CDT: the last one is off the table -- it's breaking now -- Donald Trump has been indicted.