glendokid

Oil Inventories On the Rise: Where's the Shortage?

So? The world uses about 67M barrels per day, so that's about 8 days supply. If inventories were low - perhaps that's reasonable. Is there a seasonal variation in inventories?

in any case, I can't imagine that oil speculators are not aware of the inventories of majors and others.....

FD: I'm long MRO.