bullish
Global Commodities: How to Gain $10 in Three Months
SUMMARY
- Observable crude inventories in key regions have steadily drawn down, reaching 40 million barrels below December levels.
- Global onshore crude inventory is at a record low of 4.4 billion barrels, signaling increased demand.
- Refinery runs and healthy refinery cracks and margins are drawing down on crude inventories, supported by strong gasoline cracks.
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