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VBIN's oil stock thread.
https://seekingalpha.com/news/3673418-us...k-api-says drawdown in oil
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More indications that the emperor of OPEC has no clothes...


Quote:Saudi crude inventories dropped another 2.81 mmbbls in December. New low level from before 2004. No matter what their production, one thing is for sure. Their inventory continues to drop at a steady rate.
 
I continue to wonder about their reserve production capacity. It won't matter until it does.


[Image: SaudiCrude.png]
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Can you share the link @EricL
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(03-18-2021, 02:20 PM)vbin Wrote: Can you share the link @EricL

https://www.investorvillage.com/groups.a...d=21819635
My website: DGI For The DIY
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I have read we are back to near very normal demand for March timeframe. Suppliers have done a very good job of providing a soft landing after the over-supply fiasco a year ago. I thought it would be much more choppy as we came out of pandemic.
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And I am about ready to sell an XOM or CVX put or two. I don't want to jump in too early but I don't see much risk of any serious dip from here.
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