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Buxton ND | Picked this up from KVP
"The weekly US Petroleum Status report will follow later this morning, with analysts forecasting another build in US crude inventories, possibly by more than 5 million barrels. Keep in mind any increase will mark the 11th straight record-breaking week of increasing oil supplies. This comes on the heels of a report released Monday that showed storage in Cushing, Oklahoma is approaching 80%. Remember, reaching max-storage capacity has been a major concern of many energy analysts as it could lead to the market being flooded with fresh supplies, in turn sending oil prices into another round of downward price momentum…stay tuned! | |
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20 Million Barrels of Pure Profit Sitting in U.S. Oil Tanks
