Post by
Re1ndeer2 on Dec 20, 2022 6:17pm
API Draw 3.069 Mbbls
After unexpectedly rising 7.8 billion barrels last week, ending a four-week streak of drawdowns, crude oil inventories this week went back to draws, with the American Petroleum Institute (API) reporting inventories down by 3.069 barrels.
Comment by
Seahawk001 on Dec 20, 2022 11:09pm
I was just reading a story on oil.com with this same story, there was also a story about Warren Buffett staying bullish with oil, id say hes got a little more pull than Nutcase, Nutall's probably been in the fetal posistion the past few weeks
Comment by
pkrash on Dec 21, 2022 12:39am
Add in the SPR release and a 2.2M "adjustment" you will see there really wasn't much of a build. SPR is about 4M again so this is a good draw again.