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Oil Inventory Report - July 19

Posted: Wed Jul 19, 2017 11:46 am
by dan_s
If we keep getting reports like this, WTI will move back over $50

The Energy Information Agency said crude inventories fell by 4.727 million barrels after a drop of 7.564 million barrels the previous week.
Crude inventories were forecast to fall by 3.214 million barrels.
Gasoline stocks fell by 4.445 million barrels after a drop of 1.647 million barrels the previous week.
Gasoline inventories were expected to fall by 655,000 barrels.

Re: Oil Inventory Report - July 19

Posted: Wed Jul 19, 2017 11:52 am
by dan_s
Increase in DUC wells supports my belief that oilfield services, midstream and sand companies cannot keep up, which is why I think oil production growth has slowed .

Read: http://www.oilandgas360.com/completions ... rt-global/