Post by
HighOctane89 on Dec 06, 2022 4:42pm
API
The API reports another draw of 6.5M barrels , double the forecast . Still trying to figure how they spin this as a negative , hmmm .......
Comment by
LittleOgre1 on Dec 06, 2022 6:33pm
spin the negative easy. gas inventories rose 5.9 M barrels distillate rose 3.6. nevermind overall storage lvls are at 5 year low.
Comment by
HighOctane89 on Dec 06, 2022 7:54pm
Last weeks gasoline build was due to imports as no doubt , this one is too . Figures don't lie but liars can figure ......... The market is fixated on the idea of excess supply , not much anyone can do until their focus changes .
Comment by
Re1ndeer2 on Dec 07, 2022 7:51am
Now this is what Head Lined my Oil.com....A U.S. judge has dismissed a case against the Saudi Crown Prince Mohammed bin Salman on the grounds that he has been granted immunity from prosecution by the Biden administration.
Comment by
Franman184 on Dec 07, 2022 7:59am
Scratch my back and I will scratch yours. Question is at what price per barrell. We will know when OPEC annouces a production cut even though most of us know supply is not keeping up with demand. Its possible we see a hugh snap back to $90 plus in Q1 2023