MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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Crude Oil: The Uptrend Continues
EIA printed a massive, massive 12 and a half million barrel drawdown on crude oil. US production ticked back up 100,000 barrels to 12.3 million barrels. Tape action obviously up after inventory. But as I'm speaking now early Thursday morning before the open, it looks like we're drifting back down toward the 5-day moving average at 72 spot 77. So is this really going to last? We'll see.
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