Post by
halitosis8 on Mar 08, 2021 6:56pm
post market
is it down because of the report, or is it down because the US just released 10m bbls from the strategic reserve?
Comment by
Moemoney42 on Mar 08, 2021 7:02pm
Probably the report but remember its backwards looking.. those that realize that will take advantage of any sell off to add or buy at a discount.. JMHO
Comment by
Oldnagger on Mar 08, 2021 11:17pm
That is areal head scratcher. Why is the Biden admin releasing crude from the SPR at the same time as 11 refineries are still out of commission following the Texas freeze ?
Comment by
Backinblack1000 on Mar 09, 2021 8:21am
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Comment by
Oldnagger on Mar 09, 2021 8:25am
Thanks BInB , I already have too many bald spots !!
Comment by
Moemoney42 on Mar 09, 2021 9:41am
Those releases will be marginal amounts throughout 2021 and 2022
Comment by
downtozero on Mar 09, 2021 9:57am
To me it's a good thing. It will keep inventory numbers looking worse ensuring OPEC+ doesn't come back to full stream for another few months.
Comment by
Backinblack1000 on Mar 09, 2021 10:05am
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