Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss:
- Comparative inventory on oil
- Inventory correlation to price
- Price cycles and the oil-price yield curve
- Impact of U.S. exporting oil
- Trends in tight oil rig counts
- Managed money unwinding net long positions
- Distillate and gasoline inventories
- Why is backwardation collapsing on WTI
- Sensitivities to supply concerns
- Discrepancies between IEA and OPEC forecasts
- Where are oil prices going in 2019?
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