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Crude flips again just as retailers warn and business sales drop.

Eurodollar University

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The WTI Curve: Supply, Demand, and Inventory

Global observed oil inventories declined by 7.9 million barrels in March as a surge in oil on water, and a slight increase in non-OECD stocks failed to offset a hefty 56 million barrel decline in the OECD. Oil should be screaming higher, especially when you consider, according to the IEA, demand is set to rebound substantially in the second half of this year. A more realistic assessment of demand might say that demand is the bigger concern now than even supply. It's restricted as supply is, and as more restricted as it's going to become, the market is far more concerned about demand. And the market is also concerned, WTI futures of course, about money and liquidity

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