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10min chapter
MacroVoices #393 Harley Bassman: Convexity Spells Opportunity
Macro Voices
Latest Developments in the Crude Oil Market
This chapter discusses the EIA inventory report showing a bigger build than expected in the crude oil market, along with significant builds in gasoline and distillates. It covers the increase in US oil production and the projection of a demand shortfall in the second half. The chapter also explores thoughts on supply tightness and the upcoming global energy crisis.
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