EIA report is failing to keep up with latest evidence of strength in gasoline demand.
Drawdown of 4.5 million barrels of gasoline in latest oil inventory. That makes it three weeks in a row! With April driving season about to kick off oil supply demand dynamics looking like moving closer to balance. I expect next week's oil inventory report to show another week of gasoline drawdown. The take here is increasing gasoline demand and falling oil production.
whats price action telling me today..., page-22
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