U.S.A inventories out of danger of been over the shores again and all oil mess are over. OIL STOCKS BACK AGAIN.U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending January 8, 2021 which was 274,000 barrels per day more than the previous week’s
And the biggest lines that we intisipated is those
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. At 482.2 million barrels, U.S. crude oil inventories are about 8% above the five-year average for this time of year. Total motor gasoline
inventories increased by 4.4 million barrels last week and are about 1% above the five year average for this time of year.
It means that oil is almost back now we will wait for the new President and the airplanes to fly back as it was and then oil will be 80$ so those who have the money should wait!
Yes, the impeachment may hurt today the stock market but in 2-3 days it will be over and in 2-3 months forgotten, we wish President Trump good health and good nerves. and wish big good luck for NEW PRESIDENT-ELECT BIDEN.
So right now oil steady 53$ but stock a little tumble because of what happened to Trump.