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Oil and Gas Discussion BB
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Re: API U.S. crude +1.9 mm bbl; Cushing down 19k bbl With additional imput by the refiners of 77,000 bd, and the increase in inventories of 1,875,000 barrels, this means an increase in production or import of 344,000 bd. The last import number was 6,194,000 bd, which was 302,000 bd less that the prevoius week. I expected higher imports due to the low spread of last week. Anything above that will be bullish. jmo Acadien |
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