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home / news releases / OLO - Saudi Arabia Is Putting Down The Hammer On U.S. Crude Storage


OLO - Saudi Arabia Is Putting Down The Hammer On U.S. Crude Storage

Welcome to the hammer edition of Oil Markets Daily!

U.S. crude storage, that's the only thing the Saudis care about right now. If U.S. crude storage drops, oil prices go up. It's easy as 1-2-3. But the recent closure of the Houston Shipping Channel is disrupting the flows of import and export, but more importantly, the timing. Just as Aramco was about to finalize May official selling price ((OSP)) for customers, the U.S. reported two back-to-back builds in storage. On the surface, the insiders understand that the timing was what caused the

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Stock Information

Company Name: DB Crude Oil Long Exchange Traded Notes due June 1 2038
Stock Symbol: OLO
Market: NYSE
Website: www.db.com/india

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