RE:Interesting week ahead Well the talking heads were saying it was coming because there was less crude in transit. I bet there will be build next week though. There had to be some timimg issues to get such a big swing.
one more vlcc drops a load off and one less tanker picks a load up and bam a 4 million barrel swing.
over 30 days the trend is clearly down. Some commentators think they will reduce crude by the amount of the SPR release last year as a political statement.