GREY:LSTMF - Post by User
Comment by
bushhog1on Sep 23, 2015 11:10am
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Post# 24127989
RE:api showed a draw down of 3.7M barrels
RE:api showed a draw down of 3.7M barrelsThe API showing drawdowns week after week, and so this oil glut is shrinking.
It seemed like this oil glut appeared out of no where, and I was wondering
why no one was showing weekly data prior as to how this glut was building up.
Afterall glut will take time to build up.
I can't see oil going to $20.00 and staying there. Can you imagine then which of the
those Oil Producers will survive for long. Some of those Arabs nations are already borrowing to maintain their lifestyle.
Oil is a necessity so Oil Producers will be around but only at higher prices
only my opinion