WC Whiner

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

Stocks are the big issue for energy right now. If prices are market-clearing, whyn would stocks be rising? That said, I am not certain there has been a 560mm barrel build. Total US crude stocks are 336mm barrels, which is about 8% above year-ago levels, but does not congrue with your analysis.

FD: I am long vol, short delta in the energy complex.