Posts Tagged ‘Venezuela oil’

“Show me” oil market still getting no evidence of rebalance of supply/demand

Yesterday the American Petroleum Institute reported a surprise increase in U.S. crude oil inventories with a build of 6.55 million barrels for the week ending January 18. Oil analysts had expected a small draw down in crude oil inventories of 42,000 barrels. Today the U.S. Energy Information Administration confirmed that surprise (if the confirmation of […]

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