RE:EIA Data................not that badre1ndeer2011 wrote: Key comparisons on demand.............. Over the last four weeks, motor gasoline product supplied averaged 8.8 million barrels per day, up by 6.3% from the same period last year. Distillate fuel product supplied averaged 4.2 million barrels per day over the last four weeks, up by 4.7% from the same period last year. Jet fuel product supplied is up 4.5% compared to the same four-week period last year......................Now if the rest of the gas /diesel using world has similar demand creep, I would expect about 3-4 million extra bbls of demand to show up the driving season.....added more on the Dip
Based on this information, do you think oil has bottomed?