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SCO - Oil And Gas Inventories Near Seasonally Historic Lows Despite SPR Withdrawals
ProShares UltraShort Bloomberg Crude Oil
US continues its net draw down of crude inventories.
The low refinery inputs imply the typical replenishment may not occur.
As inventories of crude and refined products, using gasoline inventories as a proxy for all refined products, are worked down there is more capital available for other uses.