DBO - The Tale Of Two Oil Markets - Global Tightness Will Take U.S. Crude Storage Down
Welcome to the tale of two oil markets edition of Oil Market Daily!
Note: This was first published to HFI Research subscribers via our new Oil Market Fundamental daily report.
The tale of two oil markets is getting more and more attention in the sell-side community. Following Energy Aspect's commentary last week about PADD 3 refineries hoarding, RBC and Raymond James both came out with an oil report today discussing how PADD 3 refineries have hoarded crude.
Energy Aspect's Commentary
The gist is that despite the increase in US crude production, US crude exports failed