Lucia + 5 LB May 13, 2020 I am really intrigued about the draw in inventory reported by EIA today. Any opinions? Quote Share this post Link to post Share on other sites
TomTom + 183 May 13, 2020 Crude imports have fallen back quite a bit and local producers are also curtailing production. On the other hand, demand is clearly picking up as the EIA also reported a draw in gasoline inventories. 1 Quote Share this post Link to post Share on other sites
junglekidman 0 May 14, 2020 The Crude Oil glut is still very much alive. A draw does not mean the Glut is over. Read somewhere Crude Oil consumption will take years to come back to Pre-Covid levels Quote Share this post Link to post Share on other sites
Blackbag99 + 20 TB June 4, 2020 I wouldn't get excited by a few seasonal draws, June and July are very much against you as a bull oil trader. Best place to find support will be rig counts. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,491 June 4, 2020 On 5/13/2020 at 9:10 AM, TomTom said: Crude imports have fallen back quite a bit and local producers are also curtailing production. On the other hand, demand is clearly picking up as the EIA also reported a draw in gasoline inventories. And a massive build in distillates. The refiners ran out of crude oil storage and are now storing it as refined diesel. 1 Quote Share this post Link to post Share on other sites
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