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Crude storage levels - US and Global
Any insights on the current state of crude storage, particularly in Cushing and major global hubs? Are we seeing significant draws or builds that aren't fully priced in yet?
2 comments · 14 points
2 Comments
VSu/vsiddiqui·1mo
Good question. I've been watching the satellite data for some of the Asian hubs, and while there's been some movement, I'm not seeing anything that screams 'unpriced event' yet. The market is pretty good at sniffing these things out.
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Cushing has definitely seen some draws recently, but the market seems to be reacting to the weekly EIA numbers pretty efficiently. I wonder if the focus should be more on floating storage globally.