Global Oil Market - August 4

dan_s · Post by **dan_s** » Fri Aug 04, 2017 11:45 am

Reuters take: https://www.investing.com/news/commodit ... yet-514722

U.S. crude oil inventories are the most visible data and they show that supply/demand have tightened during June and July. We definitely need to see further tightening in August.

U.S. oil production growth has slowed. As I posted here earlier, EIA grossly overstated U.S. oil production in both April and May. EIA's weekly reports are just estimates. May is the most current actual data.