Bloomberg - Oct 14- Unusual Decline US....$$$$Yes, what I have been telling you...yes October should be building (this is why ding dong deep blue keeps screaming build LOL)
BUT historically we SHOULD be building....
LOOK AT THIS....."Crude oil inventories at the biggest storage hub in the U.S. posted their steepest decline this week than in any October in five years."
Reference:
https://www.bloomberg.com/news/articles/2021-10-14/u-s-oil-hub-supplies-dwindle-as-energy-squeeze-draws-exports?sref=grzxP3lZ
"Global Energy Squeeze Triggers Unusual Decline at U.S. Oil Hub" Crude oil inventories at the biggest storage hub in the U.S. posted their steepest decline this week than in any October in five years as demand for exports and from refineries pull barrels to the Gulf Coast instead.
Inventories at Cushing, Oklahoma, dropped by about 2 million barrels to the lowest since 2018, according to the Energy Information Administration. The last time Cushing saw this much oil removed in October was in 2016.
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