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MacroVoices #324 Louis-Vincent Gave: A Major Geopolitical Transformation Is Underway
Macro Voices
Oil: Restocking season but 14 of past 15 weeks have seen draw-downs.
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Gasoline was the really big product drawdown, four point eight million barrel drawdown. Distillets was the only build on the board, at one point two million barrels. 14 of the last 15 weeks have seen drawdowns on gasolenes. There has been no re stocking in gasolene net. This week, it's a down of 12 million barrels.
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