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Have Crude Fundamentals Changed?

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4247536-crude-fundamentals-changed

Have Crude Fundamentals Changed?

Mar. 9, 2019 12:10 PM•uso

Summary

On the supply side, production is strong while imports have fallen off.

On the demand side, refining runs are weak while exports are strong.

Despite this conflicting fundamental picture, the sheer backlog of production capacity strongly suggests that the thesis remains intact.
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