RE:RE:US Crude Oil Imports DOWN 644K Bbls/d Over Week...I think my speuclation that excessive imports in the last months are driven mainly by BAT fear has some merits. 2 weeks ago BAT is basically off and US imports (at the expense of other OECD inventoery draws) starts rolling off.
If this is the real cause we can see imports to trend low and that US inventory will start falling down sharply.
GLTA