API +SPR=8 Million draw
Mclown says oil should be $50 US?The American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels, while analysts predicted a build of 333,000 barrels. U.S. crude inventories have grown by roughly 21 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by nearly eight times that figure. The draw comes even as the Department of Energy released 6.2 million barrels from the Strategic Petroleum Reserves in the week ending September 30 that left the SPR with 416.4 million barrels.The SPR release of 168 million barrels of oil equal to 1.7 days of average world consumption . SPR release ,we win , SPR replenishment ,we win more, thank you Joe, thank you Greta , thank you EV vehicle prices for skyrocketing . The real party hasn't even started ,we're just accumulating things that we need to have one.