API weekly inventory reports - Sept 21 after the mkt close
Posted: Tue Sep 21, 2021 6:53 pm
Here is what the EPG "spies" tell me that API reported: VERY BULLISH
API crude inventories draw of 6.108 million barrels
Cushing inventories of crude oil draw of 1.748 million barrels
Gasoline inventories draw of 432,000 barrels
Distillates inventories draw of 2.720 million barrels
U.S. and OECD oil inventories keep falling. If they go to 27 days of supply (at 29 days now) then we will see $100/bbl oil prices in 2022.
API crude inventories draw of 6.108 million barrels
Cushing inventories of crude oil draw of 1.748 million barrels
Gasoline inventories draw of 432,000 barrels
Distillates inventories draw of 2.720 million barrels
U.S. and OECD oil inventories keep falling. If they go to 27 days of supply (at 29 days now) then we will see $100/bbl oil prices in 2022.