EIA6 Mar 2019 15:38
last 6 weeks accumulated EIA figures show a total build of 9m over the period, so its would seem the OPEC cuts so far have had little affect on bringing down supply, is this because of lower demand than expected or higher supply from US shale over compensating, or a bit of both, it will be interesting to see what if anything OPEC will do about this, so far the oil price has punched above its weight and gone the opposite the direction of the data, but I fancy this is because it got way oversold and it was a natural correction, from here there seems to be a lot of downside, or are the EIA figures made up?