Ron2008

Oil Inventories Working Their Way Back to Average Levels

If you included floating storage then you would be seeing a much larger difference in inventory. The amount offshore is huge compared to the past.

After Failing to Cruise Past $80, Crude's Stuck Around $70

"The winter months are upon many parts of the US, which means demand for petroleum based products for home heating and transportation will be on the rise."

Demand for oil products for transportation in the winter decreases not increases. This easily offsets the increased heating oil demand.

OPEC: Too Little, Too Late

Why on earth isn't the US gov buying oil now when it is less than $40 for the SPR? They had no trouble buying oil for the SPR when it was $120+.