Apr 28, 2017

Why The Crude Rally Has Fizzled - Part 3 (Of 3) | Zero Hedge

It is no understatement that it will take a lot of US demand to balance the market. And not just refinery demand, but also product demand too. And not just in the US. In the face of a world saturated with crude oil, the only thing that can truly balance this market is fresh demand from new technology, or a massive reduction in global refinery capacity.  

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