RE:US need some better idiots to estimate the inventories….I haven't seen any mention of the massive refinery drop versus capacity this week.
Refineries operated at 84.1% of their operable capacity last week. This is down 10% from the week before.
refineries drawing that much less... And this is the result in overall crude....but wait for the opposite draw on stocks next week
Paray99 wrote: US inventories up by 19M barrels, while experts estimated almost 1M drop. Not bad... that is just 20M barrels difference. Thanks to the experts who estimated the US inventories accurate to one-fifth of the total daily world consumption. You can't find any better idiots in the street guys!