RE:EIA:First net crude build in a long time, +1.3mmbblsMigraineCell:
Leaving aside the huge SPR release as a given for the next 7 or 8 weeks, do you have a possible explanation as to the weekly surplus?
Seasonal? Shutdowns? Higher production? Lower exports?
Or is it ridiculous to talk about a 1.3mbbl surplus in light of a 7.5mmbbl SPR release. It seems to me that the SPR releases are so overwhelming that they completely negate any weekly usage.