Title : At This Rate, 63 Weeks To Re-Balance -- June 14, 2017
link : At This Rate, 63 Weeks To Re-Balance -- June 14, 2017
At This Rate, 63 Weeks To Re-Balance -- June 14, 2017
US crude oil inventories dropped 1.7 million bbls to 511.5 million bbls.Average over past seven weeks: 2.6 million bbls/week.
At this rate, to get to "historical" average of 350 million bbls / 21 days of supply, it will take 63 weeks to "re-balance."
Week
|
Date
|
Drawdown
|
Storage
|
Weeks to RB
|
Week 0
|
Apr 26, 2017
|
|
529
|
180
|
Week 1
|
May 3, 2017
|
0.9
|
528
|
178
|
Week 2
|
May 10, 2017
|
6
|
522
|
29
|
Week 3
|
May 17, 2017
|
1.8
|
520.2
|
95
|
Week 4
|
May 24, 2017
|
4.4
|
515.8
|
38
|
Week 5
|
May 31, 2017
|
6.4
|
509.9
|
41
|
Week 6
|
June 7, 2017
|
-3.3
|
513.2
|
60
|
Week 7
|
June 14, 2017
|
1.7
|
511.5
|
63
|
Thus Article At This Rate, 63 Weeks To Re-Balance -- June 14, 2017
That's an article At This Rate, 63 Weeks To Re-Balance -- June 14, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article At This Rate, 63 Weeks To Re-Balance -- June 14, 2017 with the link address https://mylivemyidea.blogspot.com/2017/06/at-this-rate-63-weeks-to-re-balance.html
0 Response to "At This Rate, 63 Weeks To Re-Balance -- June 14, 2017"
Post a Comment