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Why You Shouldn't Conflate Oil Market Seasonality With Rebalancing

Published 09/05/2016, 02:31 AM
Updated 07/09/2023, 06:31 AM
CL
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Price doesn`t equate with a market being in balance, and seasonality has a drawing and a building season in the oil market. A market being in balance means supplies are stagnant not going up or down. Total supplies are still going up during the drawing season. Therefore, oil market still in surplus mode, and not rebalancing.

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