Report here: http://ift.tt/10mX2na
Pretty strong pull following up last weeks 4.4 Mbbl draw and that's prior to memorial day weekend and the effective start of the summer driving season. There's been a lot of concern over the effectiveness of OPEC cuts and their ability to impact US inventories, but imports also seem to have dropped by 309 kbbl/day in this report. Global inventories remain a concern.
This seems like a pretty good development and another indication that the market is heading towards the supply/demand parity being forecast to me personally. Thoughts and outlooks?
Submitted June 01, 2017 at 11:16AM by ObservationalHumor http://ift.tt/2rINTxE
