EIA numbers just came out.. also a cut in Crude stocks but not as much as API.. down 230'ish.. I believe.

Ethanol production back to 1045.. ethanol stocks down 100 k 

good commentary on Bloomberg this morning about all things crude..

"What do you make of Saudi's?"
"Yal market back to annoucement but we don't know where the World Stocks are.. I mean we get the US data regularly.. but we don't know what Asia is doing et all.."

and from the story above.. India is going to be the new driver going forward..
Trump attacking fuel economy standards along with cuts in EV tax breaks may slow growth in that sector..

So we don't know how fast World Crude demand is growing.. but we Know that it is growing...

Chow baby..