Sign in with Google
bullish
US Oil Inventories Log Biggest Ever Weekly Decline
SUMMARY
- US Oil Inventories Log Biggest Ever Weekly Decline US weekly oil inventories (ex SPR) fell by over 17 million barrels, as last weeks EIA data showed.
- This draw marked the largest weekly drop in history and shows that the US demand for oil remains strong - this fits an (at least in the mid-term) improving economic momentum picture that we painted in our latest macro outlook.
- Meanwhile, the divergence between the price of crude (reversed line in red) and the inventory data (black line) remains quite large.
Related Insights
More »Loading
Trending Collections
More »Trending Insights
More »- HEW: Doves Disappointed By Patience
- East Buy Holdings (1797 HK): Potential KWEB Deletion in June
- NIFTY INDEX Outlook: Back in an Uptrend - Where To Buy This Dip
- [Japan Activism] ISS Comes Out Supporting Orbis Against Tsuruha/Welcia Merger Ratio
- Korea Small Cap Gem #33: Shinyoung Wacoal [Real Estate Value Is More Than 5x Market Cap]
Top Unpaywalled Insights
More »- The Polycrisis Era (2025–2028): Navigating a World of Overlapping Disruptions
- Our AI-Powered Accounting Risk Trading Strategy Beat the S&P 500 by 2.5x
- India-UK Free Trade Agreement: A New Era for India's Textile Industry
- The Rise of Quant Investing in Crypto w/ Truvius CEO Connor Farley | The New Barbarians #007
- New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
x