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May 10, 2016

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.




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Item Reviewed: API Reports Another 3.5 Million Barrel Build in Oil Inventories (Video) Rating: 5 Reviewed By: EconMatters