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API Reports Another 3.5 Million Barrel Build in Oil Inventories (Video)

API Reports Another 3.5 Million Barrel Build in Oil Inventories (Video)

By EconMatters

 

The EIA Report is tomorrow, but under any interpretation of the API numbers the Bulls will still be waiting for their big Drawdown EIA Report. It looks like we just keep replacing US Production with OPEC Production, namely Saudi Arabia, Iraq and Iran excess production.

https://www.youtube.com/watch?v=BjbJ0qGoCBo

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