Huge Inventory Draws: EIABiden better think about doubling that SPR release to 2mm bpd if he wants to keep the market supplied.
Once the SPR is gone, better get some beef jerky, a good rifle, and head for the mountains.
US crude inventories fell by 12.721mb last week
(commercial -8.020mb, SPR -4.701mb)
Crude -8.02MM, Exp. +3.0MM
Gasoline -761K
Distillate -2.664MM
Cushing -185K
Production +100b/d