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10min chapter
MacroVoices #414 Louis Vincent Gave: Party Like it’s 1999
Macro Voices
Crude Oil Inventory Data, US Production, and Market Recovery
The hosts analyze the recent EIA inventory data for crude oil, discussing the build in crude oil stocks offset by a drawdown in finished products. They also examine the increase in US production and its impact on the market recovery, highlighting the need for WTI prices to surpass the 200-day moving average. The chapter explores the correlation between gasoline futures and crude oil, predicting a consolidation of crude oil prices if it fails to surpass a certain range.
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