MacroVoices #414 Louis Vincent Gave: Party Like it’s 1999
Macro Voices
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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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