MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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The Keystone Pipeline and the Oil Markets
Patrick Suresna: I'm completely and totally confused by this market. EIA inventory printed a massive 10.2 million barrel build on crude oil inventories. Cushing, Oklahoma, building 426,000 desperately needed barrels. US production ticking down 100,000 barrels to 12.1 million barrels. The biggest spill in the history of the Keystone Pipeline hit the news wires just minutes after we recorded last week's podcast.
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