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Sgreg

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Sgreg

Re: None

Thursday, 11/29/2018 2:02:37 PM

Thursday, November 29, 2018 2:02:37 PM

Post# of 934
These are the actual numbers of the "glut". This time last year there was 450 million barrels of inventory. Right now there are about 450 million barrels of inventory. Which btw is about the 5 year average. In early October with oil well in the 70s there were 26 days of supply in inventory. Now there is 27 days of supply. Yes oil has lost 1/3 of its value do to a "glut" of which 1 single day of inventory supply has been added. Sounds pretty stupid but those are the numbers.

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