Oil - If It Wasn't Obvious Before, It Is Obvious Now
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A few things happened in the oil market today that made the obvious a little more obvious. Biden administration announcing plans to refill SPR at $67 to $72/bbl WTI. EIA reporting total oil inventories trending downward, but most importantly, US oil demand has confirmed a bottom around this oil price range.
Oil - If It Wasn't Obvious Before, It Is Obvious Now
Oil - If It Wasn't Obvious Before, It Is…
Oil - If It Wasn't Obvious Before, It Is Obvious Now
A few things happened in the oil market today that made the obvious a little more obvious. Biden administration announcing plans to refill SPR at $67 to $72/bbl WTI. EIA reporting total oil inventories trending downward, but most importantly, US oil demand has confirmed a bottom around this oil price range.