Art on MacroVoices: Comparative Inventory Draws Spell Higher Oil Prices

Erik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss:Comparative inventory levels on oil; Oil price responsive to inventories;Realization price recovery in crude prices takes time;Refinery intakes have not recovered;Where are average consumption levels;Outlook on gasoline & distillate stocks;Backwardation on WTI;Considerations on OPEC-NOPEC production cuts;Global market balance on oil.

Download Accompanying Slide Set Below:

MacroVoices Slides 19 OCT 2017 For Website