For all the hoopla enveloping the markets, yesterday, and the excited reportage, WTI finds itself at $95.50. That hardly puts it in swoon territory. The resiliency of crude oil prices continues to be curious on its face. The outsized US inventory level, the swelling production, and the liberation of stranded md-west oil via new pipeline routes and rail delivery has had little effect on the view that the global oil market is or is about to become tight.
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