Author archives: Edward Hutton

Oil Through the Looking Glass 23/7/20

*Unexpected Rise in US Stocks Both US oil and distillate stocks rose unexpectedly and fuel demand slipped according to data released by the EIA yesterday. Crude stocks rose 4.9 million bbls last week to a total of 536.6 million bbls; this was despite an analysts’ expectation of a draw of 2.1 million. Distillate stockpiles rose …

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