API - April 5th 2022 report
The American petroleum instute (API) report a 1.1 million barrels build with a 543,,000 draw in gasoline stocks out of Cushing Oklahoma hub. They keep draining the SPR with these prices, still very bullish for the oil patch. Now we wait for the EIA to give us the real numbers,with spring just beginning & the summer driving /vacation season approaching, the draws at Chusing will get larger and stay negative for the foreseeable future.