VBIN's oil stock thread.

[fenders53]

(03-22-2022, 04:11 PM)EricL Wrote: Add another 4M barrel draw from the SPR to this and we are draining storage like crazy. This is the time of year to be building storage for higher summer demand...

API weekly oil inventory report
Crude:-4.280M
Distillates: -0.826M
Gasoline: -0.626M
Cushing: +0.646M

That will be good. When a little extra oil shows up it won't make a lot of difference.  I do wish we could lock gasoline prices right here but it's not going to happen.  Oil and rising rates are going to end up taking out the economy.  I'll just hope it's not until next year.  I am kind of anxious for my tech stocks to get a chance to run.