Confusion Reigns Supreme In Analysis Of Oil Market

Confusion Reigns Supreme In Analysis Of Oil Market

Conflicting news about crude oil supply and demand created confusion for oil traders last week. In summary: refinery runs were back to normal; petroleum exports set a record; crude oil production had a big increase; oil inventories increased nationwide, but declined at Cushing, as did gasoline and distillate inventories. Sound…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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