Title : And The Number Is ... -- August 30, 2017 -- Down To 27 Weeks To Re-Balance
link : And The Number Is ... -- August 30, 2017 -- Down To 27 Weeks To Re-Balance
And The Number Is ... -- August 30, 2017 -- Down To 27 Weeks To Re-Balance
US crude oil inventories (excluding the SPR) decreased by a whopping 5.4 million bbls, down to 457.8 million bbls. Wow.Weeks to re-balance:
|
Week
|
Date
|
Drawdown
|
Storage
|
Weeks to RB
|
|
Week 0
|
Apr 26, 2017
|
|
529.0
|
180
|
|
Week 1
|
May 3, 2017
|
0.9
|
528.0
|
198
|
|
Week 2
|
May 10, 2017
|
6
|
522.0
|
50
|
|
Week 3
|
May 17, 2017
|
1.8
|
520.2
|
59
|
|
Week 4
|
May 24, 2017
|
4.4
|
515.8
|
51
|
|
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
|
57
|
|
Week 8
|
June 21, 2017
|
2.5
|
509.0
|
62
|
|
Week 9
|
June 28, 2017
|
-0.2
|
509.2
|
71
|
|
Week 10
|
July 6, 2017
|
6.3
|
502.9
|
58
|
|
Week 11
|
July 12, 2017
|
7.6
|
495.3
|
47
|
|
Week 12
|
July 19, 2017
|
4.7
|
490.6
|
43
|
|
Week 13
|
July 26, 2017
|
7.2
|
483.4
|
38
|
|
Week 14
|
August 2, 2017
|
1.5
|
481.9
|
33
|
|
Week 15
|
August 9, 2017
|
6.5
|
475.4
|
35
|
|
Week 16
|
August 16, 2017
|
8.9
|
466.5
|
30
|
|
Week 17
|
August 23, 2017
|
3.3
|
463.2
|
29
|
|
Week 18
|
August 30, 2017
|
5.4
|
457.8
|
27
|
Thus Article And The Number Is ... -- August 30, 2017 -- Down To 27 Weeks To Re-Balance
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