13 Million Barrel Decrease

We reported earlier that the crowned prince of Saudi Arabia said there is a BIG disconnect between “physical and paper markets”. Here is an example.

On August 23 the API reported a decrease of 5.632 MILLION barrels of crude. 448,000 barrels were expected. That is TEN TIMES more oil consumed than anticipated.

In the article linked below you can read that the Department of Energy released another 8 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This brings the SPR to a 35 year low!

The BIG disconnect I don’t see anyone talking about is without the 8 million from the SPR seems to me the decrease would have been over 13 million barrels. That would have been 26 times bigger than expected.

Seems like a really big deal to me.

https://bit.ly/3APnbFO

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.