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Wednesday, March 22, 2017

US weekly EIA oil inventories +4954K vs +3000K expected

  • Prior was -237K
  • Last week was the first draw after 9 weeks of increases
  • Cushing +1419K
  • Gasoline -2811K vs -2400K expected
  • Distillates -1910K vs -1500K expected
  • Refinery utilization +2.3% vs +0.23% exp
  • Production +0.2% w/w and +1.0% y/y to 9.129mbpd

Isn't it amazing here we are two months into the Republican presidency and now all of a sudden out of thin air retail is crashing, housing is crashing the market is crashing...yet just three short months ago the Obama presidency everything was rose colored glassed and GO SHOPPING.

Im calling Market manipulation MEDIA manipulation BS and the Deep State doing its darnedest to destroy Trump.

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