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Blew the Oil inventory call but the increase was much lower than expected. What really hurt was the unexpected extremely large rise in refined products, esp. heating oil.
Jan 15 02:02 am
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All Comments by Conan the Barbarian »Which Is Headed Higher: Gold or Oil? [View article]
The spread between WTI and Brent is now around $8+.
Even the Heavier grades basket in the Gulf States costs more.
Is Demand Destruction really that bad here or is oil overseas higher because of the Russia/Ukraine dispute?
any ideas?