Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / USL - U.S. Oil Demand Is Not Great There's No Other Way To Put This

USL - U.S. Oil Demand Is Not Great There's No Other Way To Put This

United States 12 Month Oil
  • The oil market is still in a deficit.
  • But U.S. oil demand continues to struggle. The core 3, gasoline/distillate/jet fuel, should have seen an increase in demand by now, but it didn't.
  • Gasoline consumption is currently below that of 2021, so if we don't see an uptick by mid-June, then demand destruction from high prices is real.
  • For now, oil inventories continue to trend bullish, and we remain bullish on oil going higher. Demand is just tainting the bull picture, so we do want to see this datapoint pick up.

For further details see:

U.S. Oil Demand Is Not Great, There's No Other Way To Put This
Stock Information
Company Name: United States 12 Month Oil
Stock Symbol: USL
Market: NYSE
Menu
USL USL Quote USL Short USL News USL Articles USL Message Board
Get USL Alerts

News, Short Squeeze, Breakout and More Instantly...