US Gasoline Demand Rebounds But The Market Needs More Data To Be Convinced That The Bottom Is In
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EIA oil data yesterday was very bullish. US crude with SPR fell 10.1 million bbls pushing total crude inventories below ~900 million bbls. As you can see in the chart above, if it wasn't for the fact that we are draining our SPR reserve, US commercial crude storage would have been decimated this year.
US Gasoline Demand Rebounds But The Market Needs More Data To Be Convinced That The Bottom Is In
US Gasoline Demand Rebounds But The Market…
US Gasoline Demand Rebounds But The Market Needs More Data To Be Convinced That The Bottom Is In
EIA oil data yesterday was very bullish. US crude with SPR fell 10.1 million bbls pushing total crude inventories below ~900 million bbls. As you can see in the chart above, if it wasn't for the fact that we are draining our SPR reserve, US commercial crude storage would have been decimated this year.