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[littlejohn]

Oil price dropped with traders dumping war

premium on expectation of Gaza

war slowing that may not happen...

Bogus higher demand spinned in early

2024 now meets period when real

demand should start growing...

And at the same time as heat in Arab

nations uses more fuel to cool and

lowers supply to export elsewhere...

Stupidest looking prop and flop of oil

prices in 2024 by trading powers...

Makes it hard to estimate where true

values for companies shake out in

the oil/gas sector...

Weekly inventory change came due to

increased net oil imports for week...

Trucking traffic on highways being high

now doesn't indicate lower demand

in that distillate area...

So we watch...LJ