Oil slips after U.S. crude stocks rise amid deep freeze hit to refiners

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Oil prices fell in early trade on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

“The key question is how quickly does U.S. oil supply recover. It looks like supply will recover faster than refineries, and supply is going to outpace demand in the next few weeks. That will give negative weight to the market,” Commonwealth Bank analyst Vivek Dhar said.

 

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But Lucy was pretty funny during her tirades. 'I could have had candy and cookies and gum, but, no, I had to listen to you!' smile

Oil needs to nose dive into oblivion due to obsolescence.

Why is that water body photoshopped? wonder what they could be hiding in a lake that’s right next to these massive oil refineries

looks like a bunch of lattes

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