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June 27, 2016

We Expect Huge Oil Inventory Draws in July (Video)

By EconMatters

We Like Buying Oil here into July, we think Brexit is the last trade, and we are already moving forward to the next trade. Gasoline is too cheap going into the strongest demand month of the year, it is not like Europeans are suddenly going to stop taking advantage of the warmer weather and stay inside all July fretting over the Brexit vote. If there is anytime to buy oil and gasoline on a pullback it is into the strongest refinery utilization month of the year.

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Item Reviewed: We Expect Huge Oil Inventory Draws in July (Video) Rating: 5 Reviewed By: EconMatters