RE:RE:RE:RE:Oil PricesI have and it wont matter for two reasons. In past years when gasoline inventory rises...USA gasoline is still rockin and lots of gasoline production.
But this was not a 5m build...it was 10m and key number was implied gasoline demand is under 8m a day...
7.8 mpbd implied USA gasoline demand is like giving a shorter a cocaine blast.
These builds in Jan need to be under 5m....or it will take crazy middle east stuff to keep oil even over 65 bucks.
OPEC is having a Feb meeting for a reason...I think they are terrified.