US Oil Demand Is Not Anywhere Near As Bad As The Weekly Data Is Suggesting
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Another EIA weekly oil storage report and another horrible implied oil demand print. The data is so bad as to make even the most bearish person question the authenticity of the data. Here is a chart of the 4-week average implied weekly oil demand for gasoline, distillate, and jet fuel. As you can see, EIA's weekly data is pegging this to be close to 2020.
US Oil Demand Is Not Anywhere Near As Bad As The Weekly Data Is Suggesting
US Oil Demand Is Not Anywhere Near As Bad As…
US Oil Demand Is Not Anywhere Near As Bad As The Weekly Data Is Suggesting
Another EIA weekly oil storage report and another horrible implied oil demand print. The data is so bad as to make even the most bearish person question the authenticity of the data. Here is a chart of the 4-week average implied weekly oil demand for gasoline, distillate, and jet fuel. As you can see, EIA's weekly data is pegging this to be close to 2020.