Huge US Crude Oil Draw -- April 4, 2018 -- Re-Setting The Goald Posts It Will Stil Take Sixteen (16) Weeks To Re-Balance -- April 4, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Huge US Crude Oil Draw -- April 4, 2018 -- Re-Setting The Goald Posts It Will Stil Take Sixteen (16) Weeks To Re-Balance -- April 4, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Huge US Crude Oil Draw -- April 4, 2018 -- Re-Setting The Goald Posts It Will Stil Take Sixteen (16) Weeks To Re-Balance -- April 4, 2018
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Huge US Crude Oil Draw -- April 4, 2018 -- Re-Setting The Goald Posts It Will Stil Take Sixteen (16) Weeks To Re-Balance -- April 4, 2018

Weekly petroleum report, link here:

• US crude oil inventories decreased by almost 5 million bbls; down 4.6 million bbls, now at 425.3 million bbls in storage
• refinery operable capability: at 93%  -- pretty much unchanged, and not bad going into the US driving season

Re-balancing (changing the methodology): if the weekly drawdown were to continue at a rate of 4.6 million bbls /week, it would take 16 weeks to get back to 350 million bbls in US crude oil inventory. It is interesting to note that US crude oil inventories, at 425.3 million bbls, is about where it was at the beginning of the year (2018).

My current spreadsheet is now almost a year old, 49 weeks of tracing. I may start over next week at "week zero." Not sure yet. Bottom line: it appears that it is very unlikely US crude oil inventories will ever come back to historical norms. If analysts suggest that US crude oil inventories have re-balanced, they have re-set the "goal posts."

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