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[littlejohn]

Inventory report had 13 million barrels of extra

supply coming in last week to

keep up with the strong demand...

over 9.5 million of oil import increase

over the previous week...

about 4.5 million from SPR release...

last week of SPR per schedule spinned...

https://ir.eia.gov/wpsr/overview.pdf

Propane inventory rose 4 million for

the week as needed during seasonal

weakness to help bring down high prices...

U.S. oil exports were strong and running

about 1 million bbls/day above last year...

U.S. oil production dropped from the

previous week's report level...

https://ir.eia.gov/wpsr/wpsrsummary.pdf

U.S. fuel demand still shows to be

running above level of previous year...

Very bullish inventory report if you swim

below top line headline spin numbers...

So we watch...LJ