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Another Big Oil Draw (Video) "Credit News 24"

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Another Big Oil Draw (Video) "Credit News 24"

By EconMatters


We discuss the API Report after the close tonight which showed another big oil drawdown, and an overall strong report. The market sentiment is really bearish right now, fading a lot of solid EIA Reports. At what point do oil traders ask themselves if they are still stuck on last year`s trade? Is the Oil Market not only rebalanced, but actually in deficit right now?


  2016-Feb02/05 470,676   02/12 472,823   02/19 476,325   02/26 486,699       
  2016-Mar03/04 490,843   03/11 492,160   03/18 501,517   03/25 503,816       
  2016-Apr04/01 498,598   04/08 505,232   04/15 507,312   04/22 509,311   04/29 512,095   
  2016-May05/06 508,487   05/13 509,797   05/20 505,571   05/27 504,205       
  2016-Jun06/03 501,844   06/10 500,911   06/17 499,994   06/24 495,941       
  2016-Jul07/01 493,718   07/08 491,172   07/15 488,830   07/22 490,501   07/29 491,914   
  2016-Aug08/05 492,969   08/12 490,461   08/19 492,962   08/26 495,238       
  2016-Sep09/02 480,725   09/09 480,166   09/16 473,966   09/23 472,084   09/30 469,108   
  2016-Oct10/07 473,958   10/14 468,711   10/21 468,158   10/28 482,578       
  2016-Nov11/04 485,010   11/11 490,284   11/18 489,029   11/25 488,145       
  2016-Dec12/02 485,756   12/09 483,193   12/16 485,449   12/23 486,063   12/30 479,012   
  2017-Jan01/06 483,109   01/13 485,456   01/20 488,296   01/27 494,762       
  2017-Feb02/03 508,592   02/10 518,119   02/17 518,683   02/24 520,184       
  2017-Mar03/03 528,393   03/10 528,156   03/17 533,110   03/24 533,977   03/31 535,543   
  2017-Apr04/07 533,377   04/14 532,343   04/21 528,702   04/28 527,772       
  2017-May05/05 522,525   05/12 520,772   05/19 516,340   05/26 509,912       
  2017-Jun06/02 513,207   06/09 511,546   06/16 509,095   06/23 509,213   06/30 502,914   
  2017-Jul07/07 495,350   07/14 490,623   07/21 483,415   07/28 481,888       
  2017-Aug08/04 475,437   



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