"Overall product supplied, a proxy for demand, averaged at 20.10 million barrels per day (bpd) at the end of March, compared with 19.7 million bpd during the same period last year"
Refiner Valero beats first-quarter profit estimates reuters.com/business/energ…
U.S. COMMERCIAL CRUDE oil inventories depleted by -6 million barrels over the seven days ending on April 19. It was the largest drawdown of inventories for 13 weeks and went against the usual seasonal trend. Stocks normally accumulate rather than deplete at this time of year. The…
Israel and Iran trading missiles/drones threatening nothing with no supplies harmed or threatened is not the oil shocks 2.0 people seem to think it is.
By the markets open tomorrow morning oil prices will probably be back down or lower than they were when markets closed.
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