Energy OverView July 25, 2013

Crude oil prices are lower, again, this morning, after falling, yesterday, despite a supportive inventory report. Crude oil inventories were down, again, in the report, but so were refined product inventories. Exports of refined products are limiting supply gains in those categories, and the exports are skewing the demand readings, as well, inflating them to a degree. The high refinery rate continues…

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