Things that make you go HMMM. APISo, November 16- December 7, 2021, we saw about 600K total draw over the 4 weeks.
Same 4 weeks this year, November 15th - December 6th, 2022, we see about 25 million draw.
Just happens to be shortly after SPR releases slow down. I don’t know how anyone could not understand that we have some serios shortages in the market. The SPR releases are drying up. 2023 is going to be a good year for oil investors.... Governments don’t usually release things from strategic reserves unless they know there is a problem....