MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
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EIA crude oil inventories draw down 1.2 million barrels, finally a drawdown as we come out of refinery maintenance season and into the time of year where we can start to expect more drawdowns to occur. Washing Oklahoma drawing down 890,000 barrels, almost a million there,. gasoline drawing down 1.1 million barrels, distillates was the only build on the board at 138,000 barrels. US production down 100,000 to 12.2 million barrel really feels like US production has plateaued.
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