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HJ

theory about tank draws

henil in Oil (General)

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henil    + 4

HJ

Hello,

Just wanted to start a discussion on this topic. IEA reports huge draw of crude and it's leading people to believe there is a shortage of oil. But could it be possible the draw from the inventory is happening because they have been filling those tanks with cheap oil and the country simply doesn't want to pay the high prices in the market right now? I am not really educated in terms of when they are allowed to draw from the inventories hence why I am starting this topic here. 

Thanks

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