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You are correct, oil inventories have been building.

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hotel7473   Wednesday, 05/15/19 11:21:11 AM
Re: TheBurningMan post# 6612
Post # of 6830 
You are correct, oil inventories have been building. However, distillate inventories have been shrinking. Thus the increasing price at the pump. Eventually refiners are going to have to start buying crude to address the upcoming summer driving season. (Which is supposed to be a record breaker). Ohh......and later this year diesel falls under new regulatory standards. Supply will have to be exhausted and completely reformulated.

Just my two cents.

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