Home » Economics » Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013

Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013

Total US crude production slumped over 1.5% last week – the biggest decline since October 2013.

 

Add to that a considerable inventory draw of over 4.2mm barrels (against expectations of a build)…

 

and crude prices are surging.

 

 

Charts: Bloomberg

 

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress