Oil Inventories Are Falling Despite Rising Oil Production

Rupert Hargreaves

Published onMay 12, 2017

Updated on May 14, 2021

With the whole of Wall Street seemingly obsessed about rising oil production in the US, and what it will mean for the global oil markets, in may be a surprise that US oil inventories saw a greater than seasonally expected withdrawal once again this week.

According to the EIA, oil inventories fell by 5.2mmbbl this week compared to the average build over the 2010 to 2014 period of 2.1mmbbl.

connection lost 3498366 1280 — anita_starzycka / Pixabay

A report from Deutsche Bank’s commodities analysts Michael Hsueh and Grant Sporre published yesterday, tries to discover what’s behind this larger than expected draw and see if it’s something investors should be...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Oil Inventories Are Falling Despite Rising Oil Production

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