Replies

To: bestintxas

Potential oil supply, including drawdowns from bloated inventories, exceeds demand.

Oil stocks are being drawn down, meaning more oil is going out of storage than oil is going in.

That means demand exceeds supply at current prices, not the opposite.

Stocks are not supply and it is a foolish investment advisor that tries to claim it otherwise.

4 posted on 06/15/2015 5:41:40 AM PDT by thackney (life is fragile, handle with prayer)

To: thackney

more oil is going out of storage than oil is going in.

That's "kind of a big deal".

5 posted on 06/15/2015 5:52:43 AM PDT by Rodamala

To: thackney

Aren’t some oil fields essentially storage too?

6 posted on 06/15/2015 5:58:01 AM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current device...)

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